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QUESTION
On January 1, 2013, Dagwood Company purchased at par 10% bonds having a maturity value of $311,800.
On January 1, 2013, Dagwood Company purchased at par 10% bonds having a maturity value of $311,800. They are dated January 1, 2013, and mature January 1, 2018, with interest receivable December 31 of each year. The bonds are classified in the held-to-maturity category.(a)
