Question
20.This question uses the same information as the previous question. A Company issued the following bond payable on March 31, 20X1, the interest payment date.
20.This question uses the same information as the previous question.
A Company issued the following bond payable on March 31, 20X1, the interest payment date.
| Bond payable | 800,000 |
| Coupon rate | 5.200% |
| Market rate | 8.428% |
| Bond yield rate | 9.400% |
| Bond issue price | 630,000 |
| Term | 10 |
| Bond issue costs | 42,000 |
| Bond issue date | March 31, 20X1 |
The Company prepares financial statements on December 31, 20X1. What is the carrying value of the bond at December 31, 20X1?
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Enterprise Compliance Risk Management An Essential Toolkit For Banks And Financial Services
Authors: Saloni Ramakrishna
1st Edition
1118550285, 978-1118550281
