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Patrick report investment

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Patrick company purchased as a long term inv $850000 bonds july 1, dated july 1 22. management has the positive intent and bility to hold the bonds until maturity. for bonds of similar risk and maturity the market yield is 10%. the price paid for the bonds was $744072 on july 1, 2022. interest is received semiannually on june 30 and dec 31. Due to changing market conditions, the fair value of the bonds december 31, 2022 was $750,000. At what amount will patrick report its investment on december 31, 2022 balance sheet?

Reference no: EM133239763

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