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) $18,800
B) $19,400
C) $20,000
D) $20,600
Correct Answer:
Verified
Correct Answer:
Verified
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