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On October 1, 2021, Pharoah Company purchased to hold to maturity. 540. $1000. 10% bonds for $560000. An additional $15,000 was paid for accrued interest.
On October 1, 2021, Pharoah Company purchased to hold to maturity. 540. $1000. 10% bonds for $560000. An additional $15,000 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2025. Pharoah uses straight-line amortization. Ignoring income taxes, the amount reported in Pharoah's 2021 income statement from this investment should be $15900. O $14700. O $13500. O $12300. Save for Later Attempts: 0 of 1 used Submit
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