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20,000210,000 Marigold Corporation purchased $61,400 of 7 -year, 7% bonds of Hu Inc. for $58,157 to yield 3% return. It classified the purchase as an
20,000210,000 Marigold Corporation purchased $61,400 of 7 -year, 7\% bonds of Hu Inc. for $58,157 to yield 3% return. It classified the purchase as an amortized cost method investment. The bonds pay rest semi-annually. Marigold applies ASPE and has chosen the straight-line method of discount ortization. The bonds, after two interest periods, should be reported in the balance sheet at a rying value of $58,520.$58,570.$58,620.$58,670
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