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38. On January 1, $40,000 of corporate bonds were purchased. The broker commission was $600. The bonds pay interest at 12%, which is paid
38. On January 1, $40,000 of corporate bonds were purchased. The broker commission was $600. The bonds pay interest at 12%, which is paid semiannually on January 1 and July 1. What is the total cost to be debited to the Investment in Bonds account? a. $40,000 b. $40,600 c. $42,000 d. $42,600
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Financial Accounting with IFRS Fold Out Primer
Authors: John Wild
5th edition
978-0077408770, 77408772, 978-0077413804
