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Was the coupon's rate greater, less, equal than market rate at the times of purchase On June 30, 2019, O'Neal Industries recognizes the following journal
Was the coupon's rate greater, less, equal than market rate at the times of purchase
On June 30, 2019, O'Neal Industries recognizes the following journal entries pertaining to a bond investment that was purchased on July 1, 2018: Dr: Cash 5,000 Cr: Interest revenue 5,000 Dr: Bond investment - valuation 4,452 Cr: Holding gain 4,452 Assume the company prepares financial statements once a year on June 30. Which of the following statements is trueStep by Step Solution
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