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this is one question On January 1, 2021, Mamood Ltd. paid $462,092.13 for 8% bonds of Variation Ltd. with a maturity value of $500,000. The

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On January 1, 2021, Mamood Ltd. paid $462,092.13 for 8% bonds of Variation Ltd. with a maturity value of $500,000. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2021, mature on January 1, 2026, and pay interest each December 31 . Marnood acquired the bond investment as part of its portfolio of trading securities and it accounts for the bonds at FV-NI, following IFRS. At December 31, 2021, Mamood's year end, the bonds had a fair value of $465,500. A summary of the given is as follows: Required 1 of 2: Using the Effective interest Method, fill in the missing data into the table provided. Do NOT enter Dollar Signs (5), Commas (.), or negative numbers. ROUND numbers to the nearest cent. Eg. 350125.25 Required 2 of 2: What if? If the above Investment in Bonds was designated using the FV-OCI Model, what is the journal entry to record the CASH PAYMENT on December 31, 2021? SELECT ALL THAT APPLY. 1. DR Cash CR interest Revenue CR Cash d. OR Investment in Bonds e. CR Investment in Bonds DR interest Expense

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