At the end of 2025. Wildhorse Company purchased 6000,$1000,8% bonds. The carrying value of the...
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At the end of 2025. Wildhorse Company purchased 6000,$1000,8% bonds. The carrying value of the bonds at December 31,2025 was $5920500. The bonds mature on March 1, 2030, and pay interest on March 1 and September 1. Wildhorse sells 3000 bonds on September 1,2026, for $2991000, after the interest has been received. Wildhorse uses straight-line amortization. The gain on the sale is $37110. $30750. $24390. so
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