2. Walmart sells its investment in Kmart bonds on November 1,2025, at 99 plus accrued...
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Walmart sells its investment in Kmart bonds on November at plus accrued interest.Walmart records this discount amortization as follows.A Computation of Gain on Sale of Bonds Selling price of bonds exclusive of accrued interest Less: Book value of bonds on November Amortized cost, July Add: Discount amortized for the period July to November Gain on sale of bonds Records this discount amortization for November Records the sale of the bonds
Walmart sells its investment in Kmart bonds on November at plus accrued interest.Walmart records this discount amortization as follows.A Computation of Gain on Sale of Bonds Selling price of bonds exclusive of accrued interest
Less: Book value of bonds on November
Amortized cost, July
Add: Discount amortized for the period July to November Gain on sale of bonds
Records this discount amortization for November Records the sale of the bonds
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