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Business, 07.05.2021 18:10 SynysterWxlf661

On November 1, 2021, Horton Company purchased Lopez, Inc., 10-year, 9%, bonds with a face value of $800000, for $720000. An additional $24000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2028. Horton uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Horton's 2021 income statement as a result of Horton's available-for-sale investment in Lopez was

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On November 1, 2021, Horton Company purchased Lopez, Inc., 10-year, 9%, bonds with a face value of $...
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