(Answered) Question - cummings owns 90 of richardson on october 1 2005

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Question - Cummings owns 90% of Richardson. On October 1 2005, Cummings purchased $400,000 of Richardson 8% outstanding bonds payables for $379,840. The bonds have an unamortized premium of $3,240 on October 1 2005 and they mature on September 30, 2011. What is the Dollar amount of the worksheet elimination to interest expense @ December 31, 2005?

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