Solved: These bonds have an amortized cost of 595000 at year end, Accounting Basics

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These bonds have an amortized cost of 595000 at year end

The City of Sycamore has investments in bonds. These bonds have an amortized cost of $595000. At year end, the financial press reports a market value of $598000 for these bonds. The original cost of the bonds was $592000. The par value at maturity will be $600000. The amount at which the investments would be reported is:

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Accounting Basics: These bonds have an amortized cost of 595000 at year end

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Accounting Basics: These bonds have an amortized cost of 595000 at year end

Reference No:- TGS02568493

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