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Carla Vista Company purchased bonds with a face amount of $875000 between interest payment dates. Carla Vista purchased the bonds at 102, paid brokerage costs

Carla Vista Company purchased bonds with a face amount of $875000 between interest payment dates. Carla Vista purchased the bonds at 102, paid brokerage costs of $14500, and paid accrued interest for three months of $24500. The amount to record as the cost of this long-term investment in bonds is

$892500.

$931500.

$875000.

$907000.

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