Question: Appling Enterprises issued 9 % bonds with a face amount of $ 4 1 0 , 0 0 0 on January 1 ,
Appling Enterprises issued bonds with a face amount of $ on January The bonds sold for $ and mature in years For bonds of similar risk and maturity the market yield was Interest is paid semiannually on June and December Appling determines interest expense at the effective rate. Appling elected the option to report these bonds at their fair value. The fair values of the bonds at the end of each quarter during as determined by their market values in the overthecounter market were the following: General riskfree interest rates did not change during Required: Note: The term "comprehensive income" below includes BOTH items included in "regular" Net Income and items included in Comprehensive Net Income. By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the March quarterly financial statements? By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the June quarterly financial statements? By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the September quarterly financial statements? By how much will Appling's comprehensive income be increased or decreased by the bonds ignoring taxes in the December annual financial statements? Note: For all requirements, do not round your intermediate calculations. Round your final answers to the nearest whole dollar. Answer is complete but not entirely correct.
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