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How kale should account for the bonds at

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Reference no: EM132740904

Problem 1: Kale Co. purchased bonds at a discount on the open market as an investment and has the intent and ability to hold these bonds to maturity. Absent an election of the fair value option, Kale should account for these bonds at

A. Cost.

B. Amortized cost.

C. Fair value.

D. Lower of cost or market.

Reference no: EM132740904

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