Multiple Choice
On November 1, 20A, Katz Company purchased twenty $1,000, 9% bonds (interest is payable each April 30, and October 31) at 97. What is the amount that should be recorded in the long-term investment account on November 1, 20A?
A) $20,000
B) $18,800
C) $20,600
D) $19,400
Correct Answer:
Verified
Correct Answer:
Verified
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