[Show your computation] Sycamore, Inc. purchased 100,000 of 8 percent bonds of Alvarado Industries on...
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[Show your computation] Sycamore, Inc. purchased 100,000 of 8 percent bonds of Alvarado Industries on January 1, 2022, at a discount, paying 92,278. The bonds mature January 1, 2027, and yield 10 percent; interest is payable each July 1 and January 1. Sycamore manages and evaluates investment performance on a documented risk-management or investment strategy based on fair value information. On December 31, 2022, when the market rate of interest is 12%, and the fair value of the bonds is 89,934, Sycamore will record an unrealized gain/loss of
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