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Business, 06.05.2020 02:38 KeiraDawn

Blossom Company purchased Splish, Inc., 10-year, 10%, bonds with a face value of $900000, for $820000. An additional $34000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2028. Blossom uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Blossom's 2021 income statement as a result of Blossom's available-for-sale investment in Splish was

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Blossom Company purchased Splish, Inc., 10-year, 10%, bonds with a face value of $900000, for $82000...
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