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What amount should weaver report on the december

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Reference no: EM132532327

Held-to-Maturity Bond Investment

Question 1: On January 1, 2016, Weaver Company purchased as held-to-maturity debt securities $500,000 face value of Park Corporation's 8% bonds for $456,200. The bonds were purchased to yield 10% interest and pay interest annually. The bonds mature on January 1, 2021. Weaver uses the effective interest method of amortization. What amount should Weaver report on its December 31, 2016, balance sheet as an investment in held-to-maturity debt securities?

Option a. $456,200

Option b. $466,200

Option c. $450,580

Option d. $461,820

Reference no: EM132532327

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