?A. Debt Investments On January 1, 2009, Brown Company purchased 12% bonds having a maturity value
of $1,000,000 for $1,162,000.?The bonds provide the bondholders with a 10% yield.?The coupon is paid annually on December 31.?The bond market value was $1,180,000 on December 31, 2009.
Required: Prepare the appropriate journal entry on December 31, 2009, to properly value the bonds assuming the bonds are classified as: (1) Held-to-maturity securities. (2) Securities available for sale. (3) Trading securities
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