Question
18. On January 1, 2018, Harsel Company issued $400,000, 10-year bonds for $450,000. The bonds pay interest on June 30 and December 31 using a
18. On January 1, 2018, Harsel Company issued $400,000, 10-year bonds for $450,000. The bonds pay interest on June 30 and December 31 using a coupon rate is 7%. Using straight line amortization, determine the carrying value of the bonds on December 31, 2018. A. $442,500 B. $447,500 C. $445,000 D. $440,000
the answer is C, why?
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Merchandising Math A Managerial Approach
Authors: Doris Kincade, Fay Gibson, Ginger Woodard
1st Edition
0130995886, 978-0130995889
