Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2018.The bonds pay interest annually
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Question:
Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2018.The bonds pay interest annually on December 31.The bonds were sold at a discount of $24,578.The bond carrying amount at the end of 2019 is:
A). $175,422.
B). $176,964.
C). $200,000.
D). $201,542.
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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