Business, 13.04.2021 01:00 sarah19Nursing

Blossom Company purchased $850000 of 9% bonds of Scott Company on January 1, 2021, paying $797036. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $52964 provides an effective yield of 10%. Blossom Company uses the effective-interest method and plans to hold these bonds to maturity. For the year ended December 31, 2021, Blossom Company should report interest revenue from the Scott Company bonds of: $81796. $79784. $79704. $76500.

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Blossom Company purchased $850000 of 9% bonds of Scott Company on January 1, 2021, paying $797036. T...

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