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    Exam 15: Investments and Fair Value Accounting
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    When Long-Term Investments in Bonds Are Sold Before Their Maturity
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When Long-Term Investments in Bonds Are Sold Before Their Maturity

Question 155

Question 155

True/False

When long-term investments in bonds are sold before their maturity date, the seller deducts any accrued interest since the last interest payment date from the selling price.

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