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    Financial Accounting Study Set 28
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    Exam 14: Understanding Investments and Acquisitions in Accounting
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    On January 1, 2014, the LaRoche Company Purchased at Face
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On January 1, 2014, the LaRoche Company Purchased at Face

Question 250

Question 250

Short Answer

On January 1, 2014, the LaRoche Company purchased at face value, a $1,000, 4%, bond that pays interest on January 1 and July 1. LaRoche Company has a calendar year end. The adjusting entry on December 31, 2014, is On January 1, 2014, the LaRoche Company purchased at face value, a $1,000, 4%, bond that pays interest on January 1 and July 1. LaRoche Company has a calendar year end. The adjusting entry on December 31, 2014, is

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