Question
2. Zero Coupon Bond B Company sold a $5,000,000, 8 year zero coupon (zero interest paid) bond on January 1, 2018 to yield an effective
2. Zero Coupon Bond B Company sold a $5,000,000, 8 year zero coupon (zero interest paid) bond on January 1, 2018 to yield an effective interest rate of 7% annual. Calculate the sale price of the bond. Prepare an 8 year amortization schedule. Make any required entry on December 31, 2021 and on Dec. 31, 2025.
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Internal Auditing Theory A Systems View
Authors: Hugh Marsh, G A Swanson
1st Edition
089930608X, 978-0899306087
