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A company purchased $200,000 in bonds on July 1,2024, for $200,000. The bonds have a...

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Accounting

A company purchased $200,000 in bonds on July 1,2024, for $200,000. The bonds have a stated rate of 8%, pay semiannual interest, and mature in 4 years. As of December 31,2024, the fair value of the bonds has increased to $205,000. Assuming the investment is classified as trading securities, what amount would the company report for its investment in bonds on December 31,2024?

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