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On January 1, 2022, Carlene Co. purchased 4,000 of the $1,000, 5% Venice bonds for $4,200,000, and paid brokerage fees for $8,000. Interest is

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On January 1, 2022, Carlene Co. purchased 4,000 of the $1,000, 5% Venice bonds for $4,200,000, and paid brokerage fees for $8,000. Interest is payable annually on December 31. The bonds are classified as financial asset at fair value through profit or loss. What is the journal entry to record this investment? (4) A. Dr. Financial asset-measured at fair value through profit or loss - debt 4,200,000 Dr. Brokerage Fees 8,000 Cr. Cash 4,208,000 B. Dr. Financial asset-measured at fair value through profit or loss - debt 4,000,000 Dr. Brokerage Fees 8,000 Cr. Cash 4,008,000 c. Dr. Financial asset - measured at fair value through profit or loss - debt 4,208,000 Cr. Cash 4,208,000 D. Dr. Financial asset - measured at fair value through profit or loss - debt 4,008,000 Cr. Cash 4,008,000

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