Refer to the information in QS 15-9. Show how the investment will be presented on the December

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Refer to the information in QS 15-9. Show how the investment will be presented on the December 31, 2020, balance sheet, assuming the carrying value reflected the fair value.

QS 15-9

Cash Perlod Interest Interest Discount Unamortized Carrying Perlod Ending Recelved Income Amort. Discount Value Jan. 1/20 $3,510 $46,490 June 30/20 $1,000 $1,395 $395 3,115 46,885 Dec. 1/20 .. 1,000 1,407 407 2,708 47,292

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Question Posted: Dec 19, 2019 04:21 AM

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