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Indigo Corporation had these transactions pertaining to debt investments: Jan. 1 Purchased 100 10%, $1,000 Sandhill Co. bonds for $100,000 cash. Interest is payable semiannually
Indigo Corporation had these transactions pertaining to debt investments:
| Jan. 1 | Purchased 100 10%, $1,000 Sandhill Co. bonds for $100,000 cash. Interest is payable semiannually on July 1 and January 1. | ||
| July 1 | Received semiannual interest on Sandhill Co. bonds. | ||
| July 1 | Sold 50 Sandhill Co. bonds for $52,000. |
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Sound Investing, Chapter 6 - Valuation Of Assets And Liabilities
Authors: Kate Mooney
1st Edition
0071719288, 9780071719285
