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Business, 21.04.2020 01:20 vannia

Kern Company purchased bonds with a face amount of $1,000,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $15,000, and paid accrued interest for three months of $25,000. The amount to record as the cost of this long-term investment in bonds is Group of answer choices

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Kern Company purchased bonds with a face amount of $1,000,000 between interest payment dates. Kern p...
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