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A is corrent.  Interest revenue from a long-term investment in bonds is equal to the stated interest, adjusted for discount or premium amortization.  Carr Company uses the interest method of amortizing bond discount.  Under the interest method, interest revenue is

BV of		Yield		Time		Interest
bonds	×	rate	×	Period	=	revenue
$375,600	×	10%	×	1	=	$37,560

The journal entry to record year 1 interest 12/31/Y1 is

Cash ($400,000 × 9%)		36,000
Inv. in bonds		1,560
	Int. revenue		37,560

​
B is incorrect.  Interest revenue from a long-term investment in bonds is equal to the stated interest, adjusted for discount or premium amortization.  Carr Company uses the interest method of amortizing bond discount.  Under the interest method, interest revenue is

BV of		Yield		Time		Interest
bonds	×	rate	×	Period	=	revenue
$375,600	×	10%	×	1	=	$37,560

The journal entry to record year 1 interest 12/31/Y1 is

Cash ($400,000 × 9%)		36,000
Inv. in bonds		1,560
	Int. revenue		37,560

​

C is incorrect.  Interest revenue from a long-term investment in bonds is equal to the stated interest, adjusted for discount or premium amortization.  Carr Company uses the interest method of amortizing bond discount.  Under the interest method, interest revenue is

BV of		Yield		Time		Interest
bonds	×	rate	×	Period	=	revenue
$375,600	×	10%	×	1	=	$37,560

The journal entry to record year 1 interest 12/31/Y1 is

Cash ($400,000 × 9%)		36,000
Inv. in bonds		1,560
	Int. revenue		37,560

​

D is incorrect.  Interest revenue from a long-term investment in bonds is equal to the stated interest, adjusted for discount or premium amortization.  Carr Company uses the interest method of amortizing bond discount.  Under the interest method, interest revenue is

BV of		Yield		Time		Interest
bonds	×	rate	×	Period	=	revenue
$375,600	×	10%	×	1	=	$37,560

The journal entry to record year 1 interest 12/31/Y1 is

Cash ($400,000 × 9%)		36,000
Inv. in bonds		1,560
	Int. revenue		37,560

​