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How much should be reported as interest receivable as of dec

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Question 1: On July 1, 2018, TRES Company purchased an 8-yr, 12% bonds with a face value of ? 4,875,000 at 102 plus accrued interest to be recognized at amortized cost. The bonds mature on June 30, 2022 and pay interest semi-annually on April 1 and October 1. How much should be reported as interest receivable as of December 31, 2019?

Reference no: EM132867244

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