Exercise 9-4 On January 1, 2017, Bridgeport Corp. acquires $328,000 of Spider Products, Inc. 9%...
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Exercise 9-4 On January 1, 2017, Bridgeport Corp. acquires $328,000 of Spider Products, Inc. 9% bonds at a pnce of $304,366. The interest is payable each December 31, and the bonds mature on December 31, 2019. The investment will pr ideBridgeport Corp. with a l 2% yield. Bridgeport Corp. applies IFRS and account for this investment sngt ea mort zed cost de Prepare a three-year bond amortization schedule. (Round answers to 0 decimal places, e.g. 5,275.) Schedule of Interest Income and Bond Discount Amortization Effective Interest Method Cash Received Interest Income Bond Discount Amortization Carrying Amount of Bonds Date 01/01/17 12/31/17 12/31/18 12/31/19
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