Crystal Co

Multiple Choice

Crystal Co.purchased all of the common stock of Sill Corp.on January 1 of the current year.Five years prior to the acquisition, Sill Corp.had issued 30-year bonds bearing an interest rate of 8%.At the time of the acquisition, the prevailing interest rate for similar bonds was 5%.These bonds should be included in the consolidated balance sheet at​

A) ​face value.
B) ​at a value higher than Sill's recorded value due to the change in interest rates.
C) ​at a value lower than Sill's recorded value due to the change in interest rates.
D) ​at Sill's recorded value.