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On October 1 , 2 0 2 3 , Flint Corp. purchased 2 9 0 , $ 1 0 0 0 , 9 % bonds
On October Flint Corp. purchased $ bonds for $ An additional $ was paid for the accrued interest, which is paid semiannually on December and June The bonds mature on December and will be held to maturity. Flint uses the straightline method of amortization and the amortized cost model for these bonds. Ignoring income taxes, the amount to be reported in Flint's income statement as a result of this investment is $ $ $ $ 
On October Flint Corp. purchased $ bonds for $ An
additional $ was paid for the accrued interest, which is paid semiannually on
December and June The bonds mature on December and will be held
to maturity. Flint uses the straightline method of amortization and the amortized
cost model for these bonds. Ignoring income taxes, the amount to be reported in
Flint's income statement as a result of this investment is
$
$
$
$
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Management Accounting And Control Systems An Organizational And Sociological Approach
Authors: Norman B. Macintosh, Paolo Quattrone
2nd Edition
0470714476, 978-0470714478
