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3. Chiron Corp. had the following information on its December 31, 2019, Balance Sheet: These bonds had a face rate of 5% and a market
3. Chiron Corp. had the following information on its December 31, 2019, Balance Sheet: These bonds had a face rate of 5% and a market rate of 6%. Interest is paid annually each December 31 Bonds Payable $600,000 (25,274) $574,726 Bonds Payable (net) A. What is the value of these bonds at maturity? B. What are Chiron's annual cash interest payments on these bonds? C. What is the net value of these bonds? D. Prepare an amortization table for these bonds beginning December 31, 2019, and ending December 31, 2022. E. What is Chiron's interest expense for the year ended December 31, 2022? F. Show how the bonds would be reported on Chiron's Balance Sheet at December 31, 2022
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