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Collette Company invests in bonds that will be held to maturity. The bonds have a face value of $100,000, and Collette pays a premium of
Collette Company invests in bonds that will be held to maturity. The bonds have a face value of $100,000, and Collette pays a premium of $1,000. The entry to record the acquisition of the bonds includes a debit to Investment in Held-to-Maturity Securities for
- $100,000
- $99,000
- $101,000
- none of these choices.
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