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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
$
$
$
$
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