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* E15-10 (similar to) Question Help Astro Mile & Co.cuns vast amounts of corporate bonds. Suppose Astro Mile buys 51,000,000 of HoutenCorp bonds at face
* E15-10 (similar to) Question Help Astro Mile & Co.cuns vast amounts of corporate bonds. Suppose Astro Mile buys 51,000,000 of HoutenCorp bonds at face value on January 2, 2018. The HoutenCorp bonds pay interest at the annual rate of 3% on June 30 and December 31 and mature on December 31, 2002. Astro Vile intends to hold the investment until maturity Read the recuirements Requirement 1. How would the band investment be dassified on Astro Mile's December 31, 2018, balance sheet? The HoutenCorp bond investment will be classified as a as of December 31, 2018 Requirements . X 1. How would the bond investment be classified on Astro Mile's December 31, 2018, balance sheet? 2. Joumalize the following on Astro Mile's books a. Receipt of final interest payment on December 31, 2032 b. Disposition of the investment at maturity on December 31, 2012 Print Done liceat Oncond then connue
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