ACC202WA1 - P12-1 Requirement 1 Investment in bonds....

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P12-1 Requirement 1 Investment in bonds. ................................................ 80,000,000 Discount on bond investment. ............................. 14,000,000 Cash. .................................................................... 66,000,000 Requirement 2 Cash. ........................................................................ 3,200,000 Discount on bond investment . ................................ 100,000 Interest revenue. .................................................. 3,300,000 Requirement 3 Cash. ........................................................................ 3,200,000 Discount on bond investment. ................................. 110,000 Interest revenue . ................................................. 3,310,000 Requirement 4 Fuzzy Monkey reports its investment in the December 31, 2011, balance sheet at its amortized cost – that is, its book value: Investment in bonds. ................................................................ $80.00 Less: Discount on bond investment. ................................. 13
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This note was uploaded on 10/16/2011 for the course ACCOUNTING 202 taught by Professor ?? during the Spring '10 term at Thomas Edison State.

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ACC202WA1 - P12-1 Requirement 1 Investment in bonds....

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