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Question:
Richman Company purchased $ of year bonds from Carlin, Inc. on January with interest payable on July and January The bonds sold for $ at an effective interest rate of Using the effective interest method, Richman Company decreased the AvailableforSale Debt Securities account for the Carlin, Inc. bonds on July and December by the amortized premiums.
At December the fair value of the Carlin, Inc. bonds was $ What is the approximate amount that Richman Company should report as accumulated other comprehensive income, a separate component of stockholders equity?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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