30) ABC corporation will issued $80,000 of 10% bond payable on 1/1/20. ABC will pay interest
on 6/30/20 and 12/31/20. Assume that the bonds were issued at the bond stated rate.
What would be the balance of the bonds dated 1/1/20?
A) 60,000
B) 70,000
C) 80,000
C) 100,000
31) Basis information from question (30). What would be the carry value of the bonds, If they
were sold at $94 and the market rate is 12%.
A) 60,000
B) 70,000
C) 90,000
D) 75,200
32) Basis information from question (30). What would be the carry value of the bonds, If they
were sold at $103 and market interest rate 8%.
A) 60,000
B) 70,000
C) 82,4000
D)100,000