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On October 1, 2021, Crane Company purchased to hold to maturity, 3900, 1000, 8% bonds for $3910000 which includes $59000 accrued interest. The bonds, which
On October 1, 2021, Crane Company purchased to hold to maturity, 3900, 1000, 8% bonds for $3910000 which includes $59000 accrued interest. The bonds, which mature on February 1, 2030, pay Interest semiannually on February 1 and August 1, Crane uses the straight-line method of amortization. The bonds should be reported in the December 31, 2021 balance sheet at a carrying value of $3900000 $3851000, $3852470 $3910000
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