On January 1,2025, Marigold Company purchased 12% bonds having a maturity value of $278,000 for...
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Accounting
On January Marigold Company purchased bonds having a maturity value of $ for $ The bonds provide the bondholders with a yield. They are dated January and mature January with interest received on January of each year. Marigold Company uses the effectiveinterest method to allocate unamortized discount or premium. The bonds are classified as availableforsale category. The fair value of the bonds at December of each yearend is as follows.
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