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Epoch Star & Co owns vast amounts of corporate bonds. Suppose Epoch Star buys $1,300,000 of Truffle Co bonds at face value on January 2,

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Epoch Star & Co owns vast amounts of corporate bonds. Suppose Epoch Star buys $1,300,000 of Truffle Co bonds at face value on January 2, 2024. The Truffleco bonds pay interest at the annual rate of 4% on June 30 and December 31 and mature on December 31, 2033. Epoch Star intends to hold the investment until maturity Read the requirements Requirement 1. How would the bond investment be classified on Epoch Star's December 31, 2024, balance sheet? The Truffleco bond investment will be classified as a as of December 31, 2024 current asset current liability long-term asset long-term liability Click to select your answer(s) and then click Check Answer 2 Pornaining parts Clear All Check Answer X - i Requirements 1. How would the bond investment be classified on Epoch Star's December 31, 2024, balance sheet? 2. Journalize the following on Epoch Star's books: a. Receipt of final interest payment on December 31, 2033. b. Disposition of the investment at maturity on December 31, 2033. Print Done

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