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On January 3,2020 , Han Company acquires $600,000 of Solo Company's 10 -year, 10% bonds at a price of $638,508 to yield 9%. Interest is
On January 3,2020 , Han Company acquires $600,000 of Solo Company's 10 -year, 10% bonds at a price of $638,508 to yield 9%. Interest is payable each December 31. The bonds are classified as held-to-maturity. Assuming that Han Company uses the effective-interest method, what is the amount of interest revenue that would be recognized in 2021 related to these bonds? $57,238$60,000$57,468$63,850 QUESTION 9 Lando Company purchased $2,000,000 of 8%,5-year bonds from Calrissian, Inc. on January 1 , 2014, with interest payable on July 1 and January 1 . The bonds sold for $2,083,160 at an effective interest rate of 7%. Using the effective-interest method, Lando Company decreased the Available-for-Sale Debt Securities account for the Calrissian, Inc. bonds on July 1, 2014 and December 31,2014 by the amortized premiums of $7,080 and $7,320, respectively. At December 31,2014 , the fair value of the Calrissian, Inc. bonds was $2,120,000. What should Lando Company report as other comprehensive income? $51,240.$36,840.$14,400. No entry should be made
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