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Assume Sunset Company purchased this entire bond issue sold byy Omar, i . e . , 7 % of $ 1 , 0 0 0
Assume Sunset Company purchased this entire bond issue sold byy Omar, ie of $ bonds, at $ on January Market yield was and interest is paid semiannually on June and December Sunset is holding the bond investment as trading securities The fair value of the bonds on December is $
At what amount will Sunset report this investment in the December balance sheet?
What is the amount related to the bond investment that Sunset will report in its income statement for the year ended December Ignore income taxes.
What is the amount related to the bond investment that Sunset will report in its statement of cash flows for the year ended December Be sure to list the category of activity in which the cash flow is in
activities activities
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