(Answered) On january 1 2017 crane corporation purchased 311 of the

Accounting

On January 1, 2017, Crane Corporation purchased 311 of the $1,000 face value, 9%, 10-year bonds of Walters Inc. The bonds mature on January 1, 2027, and pay interest annually beginning January 1, 2018. Crane purchased the bonds to yield 11%. How much did Crane pay for the bonds? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

How much should Crane record as the cost of the machine? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)

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