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On January 1, 2020, Valle Bleue Lte purchased bond of $100,000 face value at an...

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Accounting

On January 1, 2020, Valle Bleue Lte purchased bond of $100,000 face value at an effective rate of 7% from Mail Frontier Inc. The bonds mature on January 1, 2021. For the year ended December 31, 2020, Valle Bleu received cash interest of Question 9 options: $5,000 $6,400 $7,000

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