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On October 1, 2015, Best, LLC purchased to hold to maturity 500, $1,000, 9% bonds for $520,000. $15,000 was also paid for accrued interest. On
On October 1, 2015, Best, LLC purchased to hold to maturity 500, $1,000, 9% bonds for $520,000. $15,000 was also paid for accrued interest. On December 1 and June 1, interest was paid. The bonds matured on December 1,2016. Best uses straight-line amortization. How much should be reported in Best's 2015 income statement from this investment, ignoring income taxes? $11,250 $10,050 $12,450 $13,650 On October 1, 2015, Best, LLC purchased to hold to maturity 500, $1,000, 9% bonds for $520,000. $15,000 was also paid for accrued interest. On December 1 and June 1, interest was paid. The bonds matured on December 1,2016. Best uses straight-line amortization. How much should be reported in Best's 2015 income statement from this investment, ignoring income taxes? $11,250 $10,050 $12,450 $13,650
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