Question
Purchase of a bond worth 240m market interest rate was 8% and bond interest rate was 6%. It was bought July 1 and paid semi
Purchase of a bond worth 240m market interest rate was 8% and bond interest rate was 6%. It was bought July 1 and paid semi annually, at December 31 its amortized cost was 200.8 million while its fair value was 210 million. And you had to make internet journal entry and purchase journals entry and adjustment and also the bond was classified as trading.
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Fundamentals of Financial Accounting
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