On January 1, 2014, Gildan Activewear purchased a 12%, $40,000 Telus bond with a three-year term for
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Cash Interest Received Period Interest Revenue Premium Amort. Unamortized Carrying Period Ending Jan. 1/14 Dec. 31/14 Dec. 31/15. 2,400 2,400 2,400 2,400 2,400 2,400 $14,400 S 2,102 2,087 2,071 2,055 2,037 2,018 $12,370 $298 313 329 345 363 382 $2,030 Premlum $2,030 1,732 1,419 1,090 Value $42,030 41,732 41,419 41,090 40,745 40,382 40,000 745 382 -0 Totals
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2014 Jan 1 Longterm investment Telus Bond 42030 Cash 42030 Purchased ...View the full answer
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Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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