Use the information from BE14-1, but assume the bonds are purchased as an available-for-sale security. Prepare Moonwalkers
Question:
(a) The purchase of the investment,
(b) The receipt of annual interest and discount amortization, and
(c) The year-end fair value adjustment. The bonds have a year-end fair value of $47,200.
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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