The city of sycamore has investments in bonds. these bonds have an amortized cost of $1,997,000. at year end, the financial press reports a market value of $2,002,600 for these bonds. the original cost of the bonds was $1,993,000. the par value at maturity will be $2,000,000. the amount at which the investments would be reported is:

The answer is: $2,002,600

Explanation:

Government entities, like municipal governments, have to record all the bonds they hold at their fair market value. In case the government entity is not able to determine the fair market value of the bonds, they must record them at their amortized cost.

credit history is used by lenders to determine whether you are a 'risky' person to give their money to.

having a short history provide very little data for the lenders. they wouldn't be able to determine your credit behavior from such a small samples. even if they are perfect.

having long credit history with few blemishes provide larger and more accurate data for the lenders to predict your credit behavior.