Question
Riedy purchased (on 7/1/15) $1,000,000 of HTM, 8%, bonds for $904,000. The bonds mature on January 1, 2023; Straight-line amortization is used. The 12/31/15 bond
Riedy purchased (on 7/1/15) $1,000,000 of HTM, 8%, bonds for $904,000. The bonds mature on January 1, 2023; Straight-line amortization is used. The 12/31/15 bond carrying value is:
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Financial & Managerial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
13th edition
9781133607618, 978-1285868776
