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Question 4 12 pts On 1/1/20, Commander Venus, Inc. paid $1,134,200 for 10%, 10-year bonds with a face value of $1,000,000. Other information is as
Question 4 12 pts On 1/1/20, Commander Venus, Inc. paid $1,134,200 for 10%, 10-year bonds with a face value of $1,000,000. Other information is as follows: The market rate of interest on 1/1/20 was 8%. Interest is paid annually December 31. The company classified the investment as held-to-maturity. On 12/31/20, the fair value of the bonds were $1,150,000. A. What amount of interest revenue should be reported on the company's income statement for the year ended 12/31/20? B. What is the carrying value of the bond investment on 12/31/20? C. At what amount should the bond investment be reported on the 12/31/20 balance sheet
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