Business, 13.08.2019 02:30 matilda67

On july 2, 19x2, wynn, inc., purchased as an available-for-sale security a $1,000,000 face value kean co. 8% bond for $910,000 plus accrued interest to yield 10%. the bonds mature on january 1, 19x9, and pay interest annually on january 1. on december 31, 19x2, the bonds had a market value of $945,000. on february 13, 19x3, wynn sold the bonds for $920,000. in its december 31, 19x2, balance sheet, what amount should wynn report for available-for-sale investments in debt securities?

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On july 2, 19x2, wynn, inc., purchased as an available-for-sale security a $1,000,000 face value kea...

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