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Carrying amount of bonds as the fourth column On January 1, 2020, Pronghorn Company purchased ( $ 370,000,8 % ) bonds of Cabana Co. for

Carrying amount of bonds as the fourth column On January 1, 2020, Pronghorn Company purchased $ \$ 370,000,8 \% $ bonds of Cabana Co. for $ \$ 385,386 $. The bonds were purchased to yield $ 7 \% $ interest. Interest is payable semiannually 2 answers

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