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Crane Company purchased $900000 of 11% bonds of Scott Company on January 1, 2021, paying $848385. The bonds mature January 1, 2031; interest is payable

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Crane Company purchased $900000 of 11% bonds of Scott Company on January 1, 2021, paying $848385. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $51615 provides an effective yield of 12%. Crane Company uses the effective interest method and plans to hold these bonds to maturity. For the year ended December 31, 2021, Crane Company should report interest revenue from the Scott Company bonds of: $99000 O $101806, $104162 O $101890. The following information is available for October for Ivanhoe Company. (Round answers to O decimal places, c.8. 5,2750) Beginning inventory $420000 Net purchases 1240000 Net sales 2480000 Percentage markup on cost 66.67% A fire destroyed Ivanhoe's October 31 inventory, leaving undamaged inventory with a cost of $25000. Using the gross profit method, the estimated ending inventory destroyed by fire is $661333 O $636333 $820000 $147000

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