Question
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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Strategic Market Management
Authors: David A. Aaker
5th Edition
0471177431, 9780471177432
