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On January 1, 2019, Ola Company paid $388,900 for a $400,000 face value 3% corporate bond yielding 4%, interest paid annually on December 31, and classified it as held-to-maturity. Ola's reporting year ends December 31.
-On its 2020 balance sheet, Ola reports the investment at:

Question

Quizplus · Accepted Answer

$392,456 + [(392,456 x 4%) - (3% x $400,000)] = $396,154

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