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sann0001 sann0001
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Muir, Ltd. measures its trading securities at fair value. It has liabilities that it also measures using the fair value option. Muir has bonds outstanding (originally sold for $2,640,000) in the amount of $2,200,000 with a current bond premium of $374,000. The bonds were selling at 101 on the market at its year end. At what value should it report these bonds on its balance sheet at year end?
A) $2,200,000
B) $2,420,000
C) $2,574,000
D) $2,640,000
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
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pgiza834pgiza834
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sann0001 Author
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5 years ago
Upwards Arrow Correct again
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