Bonds payable should be reported as a long$-$term liability in the balance sheet of the issuing corporation at the:

Group of answer choices

Current bond market price.

Face amount price less any unamortized discount or plus any unamortized premium.

Face amount less any unamortized premium or plus any unamortized discount.

Face amount less accrued interest since the last interest payment date.

On January $1,2021,$ Bell Co$.$ issued $$10$ million of $10-$year convertible bonds at $105.$ On January $1,2026,$ the bonds were converted into common stock with a market value of $$11$ million. Upon conversion, Bell would recognize:

$$Book value methodMarket value methoda.no gain or lossno gain or lossb.no gain or losslossc.lossno gain or lossd.lossloss

Group of answer choices

Option A

Option B

Option C

Option D