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Question 3 of 10 View Policies Current Attempt in Progress On November 1, 2021, Blossom Company purchased 1000 of the $1000 face value, 8% bonds

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Question 3 of 10 View Policies Current Attempt in Progress On November 1, 2021, Blossom Company purchased 1000 of the $1000 face value, 8% bonds of Ramsey, Incorporated, for $1020000, which includes accrued interest of $13700. The bonds, which mature on January 1, 2026, pay interest semiannually on March 1 and September 1. Assuming that Blossom uses the straight-line method of amortization and that the bonds are appropriately classified as available-for-sale, the net carrying value of the bonds should be shown on Blossom's December 31, 2021, balance sheet at O $1020000 $1006048 $1006300 $1000000 e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer pe here to search O ti FX a B RS > C

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