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On January 3, 2020, Moss Co. acquires $201,000 of Adam Company's 10-year, 10% bonds at a price of $213,899 to yield 9%. Interest is payable
On January 3, 2020, Moss Co. acquires $201,000 of Adam Company's 10-year, 10% bonds at a price of $213,899 to yield 9%. Interest is payable each year on December 31. The bonds are classified as held-to-maturity. Assuming that Moss Co. uses the effective- interest method, what is the amount of interest revenue (rounded) that would be recognized in 2021 related to these bonds?
$925
$20,100
$19,251
$19,175
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