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Triple D Corporation purchased a 6% bond, at par, for $1,000,000 at the beginning of the year. Interest rates have recently increased and the market
Triple D Corporation purchased a 6% bond, at par, for $1,000,000 at the beginning
of the year. Interest rates have recently increased and the market value of the bond
declined $20,000. Determine the bonds effect on Triple Ds financial statements
under each classification of securities.
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