On July 1, 2010, Mark Company purchased Robert Company's six-year 9% bonds with a face value of $200, 000 for $196, 000, which included $6, 000 of accrued interest.The bonds, which mature on March 1, 2016, are to be held to maturity and pay interest semiannually on March 1 and September 1.Mark uses the straight-line method of amortization.The amount of income Mark should report for the calendar year 2010 as a result of this investment would be

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The Answer of On July 1, 2010, Mark Company purchased Robert Company's six-year 9% bonds with a face value of $200, 000 for $196, 000, which included $6, 000 of accrued interest.The bonds, which mature on March 1, 2016, are to be held to maturity and pay interest semiannually on March 1 and September 1.Mark uses the straight-line method of amortization.The amount of income Mark should report for the calendar year 2010 as a result of this investment would be

On July 1, 2010, Mark Company Purchased Robert Company's Six-Year