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On October 1, 2021, Ivanhoe Company purchased to hold to maturity, 4200, $1000, 9% bonds for $4060000 which includes $62000 accrued interest. The bonds, which
On October 1, 2021, Ivanhoe Company purchased to hold to maturity, 4200, $1000, 9% bonds for $4060000 which includes $62000 accrued interest. The bonds, which mature on February 1, 2030, pay interest semiannually on February 1 and August 1. Ivanhoe uses the straight-line method of amortization. The bonds should be reported in the December 31, 2021 balance sheet at a carrying value of $4060000. $4004060. $3998000. $4200000
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