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Sunland Company purchased exist1200000 of 11% bonds of Scott Company on January 1, 2018, paying exist1122375. The bonds mature January 1, 2028: interest is payable
Sunland Company purchased exist1200000 of 11% bonds of Scott Company on January 1, 2018, paying exist1122375. The bonds mature January 1, 2028: interest is payable each July 1 and January 1. The discount of exist83625 provides an effective yield of 12%. Sunland Comply uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2018, Sunland Company should report interest revenue from the Scott Company bonds of: exist134686. exist134766. exist132000. exist140363
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