Solution-At what value is the bond reported

At what value is the bond reported

Reference no: EM132817745

Question - Nature Pure Corporation purchased a 2-year bond at the beginning of 2016, at a price to yield 3%, classified as HTM. The bond has a face value of $1,000,000, coupon rate 4%, interest paid at the end of each year. The bond is not impaired at the end of 2016. At what value is the bond reported on Nature Pure's balance sheet at the end of 2016?

Reference no: EM132817745

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At what value is the bond reported

Reference no: EM132817745

Reference no: EM132817745

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