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X Your answer is incorrect. On November 1, 2021, Ivanhoe Company purchased Tamarisk, Inc., 10-year, 9%, bonds with a face value of $820000, for $740000.
X Your answer is incorrect. On November 1, 2021, Ivanhoe Company purchased Tamarisk, Inc., 10-year, 9%, bonds with a face value of $820000, for $740000. An additional $26000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2028. Ivanhoe uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Ivanhoe's 2021 income statement as a result of Ivanhoe's available-for-sale investment in Tamarisk was $10900. $9550. $12900. $12250
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