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D Question 17 2 pts Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2.000 from Kennedy Company on March 1. The
D Question 17 2 pts Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2.000 from Kennedy Company on March 1. The bonds have an annuall interest rate Of 6% payable on June 30 and December 31. The entry to record the purchase of the bonds would include Interest Receivable debi $2,000 Investment in Bonds debi $202.000 Cash debit $200000 Interest Revenue credit $2.000 D Question 18 2 pts The cost method of accounting for stock O is only appropriabe an part off a cosolidation O requires the investment be increased by the reported net income of the investee requiees the investrment be decreased by the reported net income of the investee D Question 19 2 pts On May 1, 2014, Stanton Company purchased $60,000 of Harris Companyls 12% bonds at 100 plus accrued interest of $2.400. On June 30, 2014, Stanton received its irst semiannual interest. On February 1, 2015, Stanton sold $50.000 of the bonds at 103 plus accrued interest What are the totall proceeds from the February 1. 2015 sale? $52.400 $$1.500 $50,000 $52.000
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