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REQUIRED:

a$)$ Explain how the financial manager should account for the bonds by briefly discussing the classification, recognition and measurement of the bonds in the financial statements of Crazy Chef for the reporting period ended $31$ December $2020.$

b$)$ Prepare all the journal entries relating to the bonds issued for the reporting period ended $31$ December $2020$ in the accounting records of Crazy Chef.

c$)$ Calculate and journalise the expected credit losses related to the Investment in preference shares for the period ended $31$ December $2019$