journilize Exercise 5 Jan 01, 19 Dec 31, 19 Fair value of the bonds...
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journilize
Exercise 5 Jan 01, 19 Dec 31, 19 Fair value of the bonds is $105,000. Purchased $100,000, 10 percent, five-year bonds, with interest payable on July 1 and January 1. The bonds sell for $108,111 and an effective interest rate of 8 percent. This investment is considered as a held for collection and selling security
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