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12. Kern Company purchased bonds with a face amount of $400,000. Kern purchased the bonds at 102 and paid brokerage costs of $6,000. The amount
12. Kern Company purchased bonds with a face amount of $400,000. Kern purchased the bonds at 102 and paid brokerage costs of $6,000. The amount to record as the cost of this debt investment is
a. | $406,000 | |
b. | $408,000 | |
c. | $414,000 | |
d. | $400,000. |
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