Kston455 Kston455
  • 13-12-2022
  • Mathematics
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On 12/31/16, Gardener Company holds debt securities classified as HTM with a face amount of $100k and a carrying value of $95k. The bonds have an effective interest rate of 6% and pay interest of $2,500 semi-annually on June 30 and Dec. 31st. The effective interest recognized for the six month ended Dec. 31, '16 is:

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