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On October 1, 2023, Sarasota Corp. prchased 330,$1000,8% bonds for $381000. An additional $8800 was paid for the accrued interest, which is paid semi-annually on
On October 1, 2023, Sarasota Corp. prchased 330,$1000,8% bonds for $381000. An additional $8800 was paid for the accrued interest, which is paid semi-annually on December 1 and June 1. The bonds mature on December 1, 2027 and will be held to maturity. Sarasota uses the straight-line method of amortization and the amortized cost model for these bonds. Ignoring income taxes, the amount to be reported in Sarasota's 2023 income statement as a result of this investment is $4400.$9660.$6600.$3540
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