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1 On 1 January 2 0 4 , Queen Company purchased $ 5 , 9 0 0 , 0 0 0 of 5 port Corp.
On January Queen Company purchased $ of port Corp. bonck, classificd as an FVoci Bonds investinent. The bonds pay semiannual interest each June and December The market interest rate was on the dole of purchase. The bond: mature on December
Required:
Calculate the pnce paid by Queen Company Do not round your intermediate calculations and round the finat answer to the nearest whole dollar amount.
Previne
Construct a table that shows interest revenue reported by queen, and the carrying value of the investment, for the first wo imerese. periods. Use the effective inferest method Do not round your intermediate calculations. Round your answers to the nearest whicle dollar amount.
tablePeriodtableCashPaymenttable interestRevenuetablePreasilasAeortizationtableBondCamping Vales
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