What the value of the total proceeds from the sale

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Question - A $2,000,000 face value bond with coupon interest of 10% and yields 8% was purchased by Guthan Co. on July 1, 2012 for $2,133,678.80. The bond pays interest on December 31 and June 30. Determine interest income reported on Dec. 31, 2012.

Heidebrecht Design acquired $80,000 11% bonds with 15% effective rate on April 1, 2022 for $75,360 to be held as financial assets at fair value through other comprehensive income or FVTOCI. The bonds pay interest annually on April 1 and mature on April 1, 2026. If on July 1, 2023, the bonds were sold for 102 plus accrued interest, what the value of the total proceeds from the sale?

Reference no: EM132934883

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