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1- Whats the bonds face value? 2- what will the bonds carrying amount be at the maturity date? 3- what will be the total interest
1- Whats the bonds face value?
2- what will the bonds carrying amount be at the maturity date?
3- what will be the total interest payments over the five year life of the bonds? Total interest expense?
4- prepare the journal entry to record the issuance of the bond
Crane Corporation issued $490,000 of 5-year bonds on April 1, 2023. Interest is paid semi-annually on April 1 and October 1 . Below is a partial amortization schedule for the first few years of the bond issue. Were the bonds issued at a discount or at a premium? The bonds were issued at aStep by Step Solution
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