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Pharoah Company purchased bonds with a face amount of $800000 between interest payment dates. Pharoah purchased the bonds at 102, paid brokerage costs of $14200,

Pharoah Company purchased bonds with a face amount of $800000 between interest payment dates. Pharoah purchased the bonds at 102, paid brokerage costs of $14200, and paid accrued interest for three months of $24200. The amount to record as the cost of this long-term investment in bonds is

$800000.

$816000.

$854400.

$830200.

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