Question 2: FVTPL Bonds A company purchased a s20,000, 8.4 percent bond (interest payable each...
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Question 2: FVTPL Bonds A company purchased a s20,000, 8.4 percent bond (interest payable each October 1) on March 31, 2014, as a short-term investment. The total cash paid was $20,300. The investment is to be classified as a FVTPL investment (a) Give the entry required by the company on March 31, 2014 (b) Give any adjusting entry the company required on December 31, 2014, end of reporting period. M none is required, so state. Date PR Debit Credit
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