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Sage Corporation has municipal bonds classified as a held-to-maturity at December 31,2025. These bonds have...

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Accounting

Sage Corporation has municipal bonds classified as a held-to-maturity at December 31,2025. These bonds have a par value of $824,000, an amortized cost of $824,000, and a fair value of $736,000. The company believes that impairment accounting is now appropriate for these bonds.

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