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Business, 23.09.2019 20:20 tomuchsaucecj

On january 1, 2021, tiger corporation acquired as long-term investment $1,000,000 of 8% bonds, dated january 1. company management has the positive intent and ability to hold the bonds until maturity. the market interest rate (yield) was 10% for bonds of similar risk and maturity. tiger paid $875,378 for the bonds. the company will receive interest semiannually on june 30 and december 31. as a result of changing market conditions, the fair value of the bonds at december 31, 2021, was $885,000. at what amount will tiger report its investment in the december 31, 2021, balance sheet?

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