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On January 1, 2010, Bregeut Company, a calendar year corporation, purchased 600 of the $1,000 face value, 9% bonds of Clariant Incorporated, for CHF622,000, including brokerage fees.The bonds, which mature on January 1, 2015, pay interest semiannually on July 1 and January 1.
-The entry on Bregeut's books to record the acquisition will include

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On January 1, 2010, Bregeut Company, a calendar year corporation, purchased 600 of the $1,000 face value, 9% bonds of Clariant Incorporated, for CHF622,000, including brokerage fees.The bonds, which mature on January 1, 2015, pay interest semiannually on July 1 and January 1.
-The entry on Bregeut's books to record the acquisition will include

Quizplus · Accepted Answer

The entry to record the acquisition of the bonds would include a debit to Debt Investments for the total purchase price of CHF622,000, reflecting the cost of acquiring the bonds including brokerage fees.

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