Company P Owns a 90% Interest in Company S

Multiple Choice

Company P owns a 90% interest in Company S.Company S has outstanding $100,000 of 10% bonds that were sold at face value and have 6 years to maturity as of the balance sheet date.Company P owns $70,000 of the bonds and has a remaining unamortized book value of $66,000.Company S bonds will be presented on the consolidated balance sheet as

A) ​bonds payable, $30,000.
B) ​bonds payable, $34,000.
C) ​bonds payable, $100,000.
D) ​bonds payable will not appear.