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Show how the amounts should be presented

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Question - At December 31, 2020, Teal Mountain Incorporated has a bond payable due September 1, 2021, with a carrying value of $1,716,000 (based on amortized cost) and a current value of $1,873,000. The interest payable as at December 31, 2020, is $78,500.

Show how the above amounts should be presented on the December 31, 2020 SFP, and with the proper classifications. The company uses amortized cost.

Reference no: EM133019897

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