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Culver Corp, invested in a three-year, $100 face value 6% bond, paying $86. At this price, the bond will yield a 12% return. Interest is

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Culver Corp, invested in a three-year, $100 face value 6% bond, paying $86. At this price, the bond will yield a 12% return. Interest is prepare a bond discount amortization table for Culver Corp., assuming Culver uses the effective interest method required by IFRS. Prepare journal entries to record the initial investment, receipt of interest, and recognition of interest income in each of the three years

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