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Compute amount to record cost of this long-term investment

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Question - Pharoah Company purchased bonds with a face amount of $800000 between interest payment dates. Pharoah purchased the bonds at 102, paid brokerage costs of $14200, and paid accrued interest for three months of $24200. Compute the amount to record as the cost of this long-term investment in bonds?

a. $800000.

b. $816000.

c. $854400.

d. $830200.

Reference no: EM132535657

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