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1 Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance until maturity.
1 Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance until maturity. Interest Date 01/01/2024 Cash Paid Expense Increase in Carrying Value Carrying Value $360,080 06/30/2024 $11,400 $14,403 $3,003 363,083 12/31/2024 11,400 14,523 3,123 366,206 06/30/2025 11,400 14,648 3,248 369,454 12/31/2025 11,400 14,778 3,378 372,832 06/30/2026 11,400 14,913 3,513 376,345 12/31/2026 11,400 15,055 3,655 380,000 SWAC issued the bonds for Multiple Choice O $380,000 $360.000 $448,400
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Principles Of Financial And Managerial Accounting
Authors: Janice E. Lawrence
11th Edition
0759321094, 978-0759321090
