PLEASE HELP. I KEEP GETTING 30312 as the answer but thats wrong. Im stuck and...
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PLEASE HELP. I KEEP GETTING as the answer but thats wrong. Im stuck and need help. Please answer accurately so I can compare notes and see where I went wrong. Please and thanks in advance. Cullumber Company purchased $ of year bonds from Pharoah, Inc. on January with interest payable on July and January The bonds sold for $ at an effective interest rate of Using the effectiveinterest method, Cullumber decreased the AvailableforSale Debt Securities account for the Pharoah bonds on July and December by the amortized premiums of $ and $ respectively. At December the fair value of the Pharoah bonds was $ What should Cullumber report as other comprehensive income and as a separate component of stockholders' equity? 
PLEASE HELP. I KEEP GETTING as the answer but thats wrong. Im stuck and need help. Please answer accurately so I can compare notes and see where I went wrong. Please and thanks in advance.
Cullumber Company purchased $ of year bonds from Pharoah, Inc. on January with interest payable on July and January The bonds sold for $ at an effective interest rate of Using the effectiveinterest method, Cullumber decreased the AvailableforSale Debt Securities account for the Pharoah bonds on July and December by the amortized premiums of $ and $ respectively.
At December the fair value of the Pharoah bonds was $ What should Cullumber report as other comprehensive income and as a separate component of stockholders' equity?
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