Business, 03.07.2019 02:40 qwerty8364

Richman co. purchased $600,000 of 8%, 5-year bonds from carlin, inc. on january 1, 2012, with interest payable on july 1 and january 1. the bonds sold for $624,948 at an effective interest rate of 7%. using the effective interest method, richman co. decreased the available-for-sale debt securities account for the carlin, inc. bonds on july 1, 2012 and december 31, 2012 by the amortized premiums of $2,124 and $2,196, respectively. at december 31, 2012, the fair value of the carlin, inc. bonds was $636,000. what should richman co. report as other comprehensive income and as a separate component of stockholders’ equity? question 16 options: $0 $4,320 $11,052 $15,372

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Richman co. purchased $600,000 of 8%, 5-year bonds from carlin, inc. on january 1, 2012, with intere...

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