Question
On October 1, 2022, Gede Inc. purchased $958,000 of 11 year, semi-annual, 8% bonds. Gede. Inc. paid $1,030,651 for the bonds, which the finance team
On October 1, 2022, Gede Inc. purchased $958,000 of 11 year, semi-annual, 8% bonds. Gede. Inc. paid $1,030,651 for the bonds, which the finance team intends to include in their trading portfolio. The market rate for the bonds was 7%. If the market price of the bonds was $989,000 on December 31, 2022, what will be the total effect of the bonds on Gede. Inc's 2022 income statement?
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Nike Inc Strategic Audit SWOT Pestle Competitor And Financial Analysis
Authors: Bankim Chandra Pandey
1st Edition
1973352516, 978-1973352518
