On October 1,2024, Crane Company purchased 680 of the $1000 face value, 9% bonds of...
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Accounting
On October 1,2024, Crane Company purchased 680 of the $1000 face value, 9% bonds of Swifty, Inc, for $876000, including accrued interest of $12400. The bonds, which mature on January 1, 2031, pay interest semiannually on January 1 and July 1 . Crane used the straight-line method of amortization and appropriately recorded the bonds as available-for-sale. On Crane's December 31 . 2025 balance sheet, the carrying value of the bonds is $826880.$863600.$836800.$839280. Attempts: 0 of 1 used
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