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on January 1, 2018 wildcat company purchased $93,000 of 10% bonds at face value. The bonds paid interest semiannually on January 1 and July 1.
on January 1, 2018 wildcat company purchased $93,000 of 10% bonds at face value. The bonds paid interest semiannually on January 1 and July 1. The fair value of the bonds at December 31, 2018 is $107,000. There is no balance in the fair value adjustment account.
nuary 1, 2018, wildcat Company purchased $93,000 of 10% bonds at face value. The er 31, 2018 is $107,000. There is no balance in the Fair value adjustment account. 2. On Ja onds pay interest semiannually on January 1 and July 1. The fair value of the bonds at Pre pare the appropriate journal entries for the bonds for 2018 assuming the financial statements are prepared on a calendar year basis and the bonds are classified as: a. Trading securities b. Available for sale securities c. Held to maturity securities Prepare the appropriate journal entries for the bonds for 2018 assuming the financial statements are prepared on a calendar year basis and the bonds are classified as:
A. Trading Securities
B. Available for sale securities
C. Held to maturity securities 
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Auditing And Other Assurance Services
Authors: Alvin Arens, James Loebbecke, W Lemon, Ingrid Splettstoesser
9th Canadian Edition
0130091243, 978-0130091246
