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Ivanhoe Company purchased bonds with a face amount of $1050000 between interest payment dates. Ivanhoe purchased the bonds at 102. paid brokerage costs of $15200,

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Ivanhoe Company purchased bonds with a face amount of $1050000 between interest payment dates. Ivanhoe purchased the bonds at 102. paid brokerage costs of $15200, and paid accrued interest for three months of $25200. The amount to record as the cost of this long-term investment in bonds is $1071000 $1111400 $1050000 $1086200 Attempts: 0 of 1 used Submit Answer Save for Late

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