(Answered) Question - kern company purchased bonds with a face amount

Accounting

Question - Kern Company purchased bonds with a face amount of $400,000 between interest payment dates. Kern purchased the bonds at 102, paid brokerage costs of $6,000, and paid accrued interest for three months of $10,000. The amount to record as the cost of this long-term investment in bonds is

A) $424,000.

B) $414,000.

C) $408,000.

D) $400,000.

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