Question
A company bought bonds with a face value of $15,000. They were purchased at 98, with an additional brokers fee of $275, plus accrued interest
A company bought bonds with a face value of $15,000. They were purchased at 98, with an additional brokers fee of $275, plus accrued interest of $450. What is the cost assigned to the investment?
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Internal Auditing Assurance And Advisory Services
Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle
5th Edition
1634541367, 978-1634541367
