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A company with 5 million purchase price of another company, the interest rate of 8% bonds, and the other pay c

Answers:1   |   LastAnswerAt:2011.05  

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William Smith 
Asked at 2011.05.10 20:37:28

answer Reb Brown  Answered at 2011.05.10 20:37:28
Purchase: By: Long-term investments - 50,000 Finance costs 600 bond investment loans: bank bond interest accrued at the end of 50600: by: Long-term investments - bonds (accrued interest) 4,000 Loan: Investment income 4,000
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