Business, 22.07.2019 18:20 melonmanthree

On january 1, 2016, bravo industries purchased $900,000 of 8% bonds from rl enterprises. bravo paid $937,422 for the bonds, which will mature january 1, 2021. interest on the bonds is payable each july 1 and january 1. effective interest rate on the bonds is 7%. using the effective interest method, bravo recorded amortized premium of $3,186 in july 2016 and $3,294 in december 2016. on february 1, 2017, bravo sold the bonds for $927,000. if the bonds had a carrying value of $930,375 at this time, how much gain or loss should alpha report on the bonds?

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On january 1, 2016, bravo industries purchased $900,000 of 8% bonds from rl enterprises. bravo paid...

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