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Your answer is incorrect. Sandhill Company purchased $ 1900000 of 10% bonds of Scott Company...

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Accounting

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Your answer is incorrect. Sandhill Company purchased $ 1900000 of 10% bonds of Scott Company on January 1, 2021, paying $ 1786471. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $ 113529 provides an effective yield of 11%. Sandhill Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2021, Sandhill Company should report interest revenue from the Scott Company bonds of: $ 201353. $ 196512. $ 190000. $ 196691

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