213k views
5 votes
On November 1, 2021, Oriole Company purchased Skysong, Inc., 10-year, 10%, bonds with a face value of $710000, for $630000. An additional $15000 was paid for the accrued interest. Interest is payable semiannually on January 1 and July 1. The bonds mature on July 1, 2028. Oriole uses the straight-line method of amortization. Ignoring income taxes, the amount reported in Oriole's 2021 income statement as a result of Oriole's available-for-sale investment in Skysong was:______

User Jai Dutt
by
4.7k points

1 Answer

2 votes
1300000 dollars is the answer I think
User Dhaval Chaudhary
by
5.1k points