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Find the amount reported in sandhill income statement

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Reference no: EM132958817

Question - On October 1, 2018, Sandhill Company purchased to hold to maturity, 580, $1000, 9% bonds for $600000. An additional $17400 was paid for accrued interest. Interest is paid semiannually on December 1 and June 1 and the bonds mature on December 1, 2022. Sandhill uses straight-line amortization. Ignoring income taxes, find the amount reported in Sandhill's 2018 income statement from this investment?

Reference no: EM132958817

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