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Find the value of the total proceeds from the sale

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Question - Yugortt Design acquired $600,000 11% bonds with 15% effective rate on April 1, 2022 for $548,600 to be held as financial assets at fair value through other comprehensive income or FVTOCI. The bonds pay interest annually on February 1 and mature on February 1, 2026. If on May 1, 2023, the bonds were sold for 102 plus accrued interest, find the value of the total proceeds from the sale?

Reference no: EM132989027

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