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Richman Company purchased $ 9 0 0 , 0 0 0 of 8 % , 5 - year bonds from Carlin, Inc. on January 1
Richman Company purchased $ of year bonds from Carlin, Inc. on January with interest
payable on July and January The bonds sold for $ at an effective interest rate of Using the effective
interest method, Richman Company increased the AvailableforSale Debt Securities account for the Carlin, Inc. bonds
on July and December by the amortized discounts.
At December the fair value of the Carlin, Inc. bonds was $ What is the approximate amount that
Richman Company should report as accumulated other comprehensive income, a separate component of
stockholders' equity?
Select one:
a $
b $
c $
d $
e$
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