11. On August 31, 2005, Polanski Corporation acquired for $84,115 (a 14% yield), $100,000 face amount of
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11. On August 31, 2005, Polanski Corporation acquired for $84,115 (a 14% yield),
$100,000 face amount of 10%, 20-year bonds (interest payable semiannually) due August 31, 2011, of Skowalksi Company, its wholly owned subsidiary. The bonds had been issued by Skowalksi to yield 12%. In a working paper elimination (in journal entry format) for the fiscal year ended February 28, 2006, Polanski debits the Intercompany Interest Revenue ledger account for:
a. $5,000.
b. $5,888.
c. $6,000.
d. $8,412.
e. Some other amount.
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