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Seamark buys $300,000 of Eider's 8% five-year bonds payable at par value. Interest payments are made semiannually. All of the following regarding accounting for the securities are true except:A. the debt securities should be recorded at the cost$300000
B. the securities will have a maturity value of $300000
C. the semiannual interest payment amount is $12000
D. the semiannual interest payment amount is $24000
E. interest revenue should be credited when an interest paymen is received
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Seamark buys $300,000 of Eider's 8% five-year bonds payable at par value. Interest payments are made...
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