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Remote Down & Co. owns vast amounts of corporate bonds. Suppose Remote Down buys $700,000 of RoastCo bonds at face value on January 2, 2024.

Remote Down & Co. owns vast amounts of corporate bonds. Suppose Remote Down buys $700,000 of RoastCo bonds at face value on January 2, 2024. The RoastCo bonds pay interest at the annual rate of 6% on June 30 and December 31 and mature on December 31, 2043. Remote Down intends to hold the investment until maturity. Read the requirements Requirement 1. How would the bond investment be classified on Remote Down's December 31, 2024, balance sheet? The RoastCo bond investment will be classified as a as of December 31, 2024 Requirements 1. How would the bond investment be classified on Remote Down's December 31, 2024, balance sheet? 2. Journalize the following on Remote Down's books: a. Receipt of final interest payment on December 31, 2043. b. Disposition of the investment at maturity on December 31, 2043

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