Pepper Enterprises owns 95 percent of Salt Corporation. On January 1,20X1, Salt issued $260,000 of...
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Accounting
Pepper Enterprises owns percent of Salt Corporation. On January X Salt issued $ of fiveyear bonds at Annual interest of percent is paid semiannually on January and July Pepper purchased $ of the bonds on August X at par value. The following balances are taken from the separate financial statements of the two companies:
Note: Assume using straightline amortization of bond discount or premium.
tabletablePepperEnterprisestableSaltCorporationtableInvestment in Salt Corporation Bondstable$
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