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$70,000 face value bonds are issued on January 1 for $73,115. On June 30, the interest paid is $1750, and interest expense is $1462.30. Which
- $70,000 face value bonds are issued on January 1 for $73,115. On June 30, the interest paid is $1750, and interest expense is $1462.30. Which of the following is true?
- The premium on June 30 is 3,115 287.70.
- The effective rate is 1462.30/70,000.
- The carrying value on June 30 is $73,115 + $287.70.
- The stated rate is 1750/73,115.
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College Accounting Chapters 1-12 With Study Guide And Working Papers
Authors: Jeffrey Slater
13th Edition
0133866300, 9780133866308
