Question: On January 1 , 2 0 2 5 , Nash Company purchased $ 5 0 0 , 0 0 0 , 1 0 % bords

On January 1,2025, Nash Company purchased $500,000,10% bords of Aguirre Co. for $463,197. The bonds were purchased to yield 12% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1,2030. Nash Company uses the effective-interest method to amortize discount or premium. Onlanuary 1,2027, Nash Company sold the bonds for $464,885 after receiving interest to meet its liquidity needs.
On January 1 , 2 0 2 5 , Nash Company purchased $

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