On January 1, 2021, a company acquires $360,000 of another companys 9% bonds at a...
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On January 1, 2021, a company acquires $360,000 of another companys 9% bonds at a price of $560,000. For the investor company, interest is received on January 1 of each year, and the bonds mature on January 1, 2031. The bonds are classified as held-to-maturity. What is the amount the investor company will record for Debt Investments on 1/1/2021?
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