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answer fast please 10. Marigold Corporation purchased $61,400 of 7 -year, 7% bonds of Hu Inc. for $58,157 to an 8% return. It classified the
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10. Marigold Corporation purchased $61,400 of 7 -year, 7% bonds of Hu Inc. for $58,157 to an 8% return. It classified the purchase as an amortized cost method investment. The bonds interest semi-annually. Marigold applies ASPE and has chosen the straight-line method of disc amortization. The bonds, after two interest periods, should be reported in the balance sheet carrying value of a) $58,520. b) $58,570. c) $58,620. d) $58,670Step by Step Solution
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