Jent corp. purchased bonds at a discount of $10,000. subsequently, jent sold these bonds at a premium of $14,000. during the period that jent held this investment, amortization of the discount amounted to $2,000. what amount should jent report as gain on the sale of bonds? a. $12,000b. $22,000c. $24,000d. $26,000

Amount should Jent report as gain on the sale of bonds : $22000

Explanation:

Given:

Bonds purchased at a discount of $10,000

Bonds sold at a premium of $14,000

Amortization of the discount amounted to $2,000.

Therefore, gain on the sale of bonds can be computed as:

Gains = (Cost + Premium) - (Cost - Carrying Cost)

∵ Carrying Cost = Purchasing Cost - Amortization

Carrying Cost = 10000 - 2000

Carrying Cost = $8000

∴ Gains = (10000 + 14000) - (10000 - 8000)

Gains = $22000

according to the song of roland, the characteristics of an ideal knight are: loyalty to the king, skilled warriors and horseman, valiant, bold, courageous, strong and proud in battle. they should be determined to fulfil their duties and willing to die to make their people safe.