On january 1 2010 new company purchased 200000 of ten-year, Ask an Expert

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On January 1, 2010, New Company purchased $200,000 of ten-year 10% bonds of Old Company for $226,840. Interest is payable annually. The effective yield on the investment is 8%. What is the balance in New's investment in held-to-maturity bonds account (rounded to the nearest dollar, if necessary) at December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M939410

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