Wildhorse Company purchased $1290000 of 8%,5-year bonds from Blossom, Inc. on January 1,2021 , with...
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Wildhorse Company purchased $1290000 of 8%,5-year bonds from Blossom, Inc. on January 1,2021 , with interest payable on July 1 and January 1 . The bonds sold for $1339896 at an effective interest rate of 7%. Using the effective interest method, Wildhorse Company decreased the Available-for-Sale Debt Securities account for the Blossom, Inc. bonds on July 1, 2021 and December 31 , 2021 by the amortized premiums of $5148 and $5292, respectively. At December 31, 2021, the fair value of the Blossom, Inc, bonds was $1353000. What should Wildhorse Company report as other comprehensive income and as a separate component of stockholders' equity? $23544 50 $10440 $13104
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