Question: NEED THE EXCEL FORMULAS FOR EACH ANSWER IN ORDER FOR IT TO BE CORRECT Bruce Company purchased $ 2 , 0 0 0 , 0
NEED THE EXCEL FORMULAS FOR EACH ANSWER IN ORDER FOR IT TO BE CORRECT
Bruce Company purchased $ of Clarence, Incorporated, bonds at par on July with interest paid
semiannually. Bruce determined that it should account for the bonds as an availableforsale investment. At December
the Clarence bonds had a fair value of $ Bruce sold the Clarence bonds on July for $
Face amount of bond
Stated and market rate
Complete the following tables to show the effect of the Clarence bonds on Bruce's net income, other comprehensive income,
and comprehensive income for and cumulatively over the twoyear period. FORMULAS FOR LOSSES MUST
RETURN NEGATIVE VALUES.
PLEASE PROVIDE THE EXCEL FORMULAS
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