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On January 3, 2019, Moss Co. acquires 100,000 of Adam Company's 10-year, 10% bonds at a price of 106,418 to yield 9%. Interest is payable

On January 3, 2019, Moss Co. acquires 100,000 of Adam Company's 10-year, 10% bonds at a price of 106,418 to yield 9%. Interest is payable each December 31. The bonds are classified as held-for-collection. Assuming that Moss Co. uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2019 related to these bonds? a. 9.540 @ b. 10.642 C. 9,578 0d f10.000

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