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Question 7 Not yet answered Marked out of 2.00 On 1/1/2018, Al Farah Co. purchased RO 80000 bonds of 12 % bonds from Oman Arab

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Question 7 Not yet answered Marked out of 2.00 On 1/1/2018, Al Farah Co. purchased RO 80000 bonds of 12 % bonds from Oman Arab bank, interest is payable each July 1 and 31.12, the face value of bond Omr 50. Which of the following the journal entries on 31.12.2018. Flag question Select one: O a. Interest Receivable Interest Revenue 24000 24000 4800 4800 O b. Fair Value Adjustment Unrealized Holding Gain or Loss O c. The correct answer not available. d. Cash 4800 Interest Revenue 4800 O e. Interest Receivable Interest Revenue 4800 4800

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