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Appling Enterprises issued 9 % bonds with a face amount of $ 4 3 0 , 0 0 0 on January 1 , 2 0
Appling Enterprises issued bonds with a face amount of $ on January The bonds sold for $ and mature in years For bonds of similar risk and maturity the market yield was Interest is paid semiannually on June and December Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter during as determined by their market values in the overthecounter market were the following: General riskfree interest rates did not change during Required: By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the March quarterly financial statements? By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the June quarterly financial statements? By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the September quarterly financial statements? By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the December annual financial statements? Note: For all requirements, do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Answer is complete but not entirely correct.
Appling Enterprises issued bonds with a face amount of $ on January
The bonds sold for $ and mature in years
For bonds of similar risk and maturity the market yield was
Interest is paid semiannually on June and December
Appling determines interest expense at the effective rate.
Appling elected the option to report these bonds at their fair value.
The fair values of the bonds at the end of each quarter during as determined by their market values in the overthecounter
market were the following:
General riskfree interest rates did not change during
Required:
By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the March
quarterly financial statements?
By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the June
quarterly financial statements?
By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the September
quarterly financial statements?
By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the December
annual financial statements?
Note: For all requirements, do not round your intermediate calculations. Round your final answers to the nearest whole dollar.
Answer is complete but not entirely correct.
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