On May 1, 2013, Ramden Company issues 13% serial bonds with a face value of $2 million.
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How would the preceding information appear in Ramden's balance sheets on December 31, 2013 and 2014?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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RAMDEN COMPANY Partial Balance Sheet ...View the full answer
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Related Book For 
Intermediate Accounting Reporting and Analysis
ISBN: 978-1111822361
1st edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
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