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On January 1, 2017, Headland Company acquires $130,000 of Spiderman Products, Inc., 990 bonds at a price of $120,632. Interest is received on January 1
On January 1, 2017, Headland Company acquires $130,000 of Spiderman Products, Inc., 990 bonds at a price of $120,632. Interest is received on January 1 of each year, and the bonds mature orn January 1, 2020, The investment will provide Headland Company a 12% yield. The bonds are classified as held-to-maturity Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. (Round answers to 0 decimal places, e.g. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Straight-line Method Bond Purchased to Yield Cash Interest Bond Discount Carrying Amount Date Received Reenu of Bonds even 1/1/20 Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective interest rate method Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the effective-interest method. (Round answers to 0 decimal places, e.g 2,500.) Schedule of Interest Revenue and Bond Discount Effective-Interest Method Bond Purchased to Yield Interest Revenue Bond Discount Carrying Amount Cash Received Date Amortization of Bonds 1/1/20
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