AMORTIZED COST BOND INVESTMENT

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Smoke Corporation purchased a 9%, $100,000 bond investment in A Company on January 1, 2010. The following partial amortization table reflects the bond investment on January 1, 2010, with a 5 year term, (due Dec. 31, 2014) when the annual market rate of interest was 10%. Smoke follows IFRS. Interest is paid to Smoke June […]

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