Question
A company issues $14800000, 9.8%, 20-year bonds to yield 10% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds
A company issues $14800000, 9.8%, 20-year bonds to yield 10% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14546046. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2017 balance sheet?
| 14548148 |
|
| $14800000 |
|
| $14550356 |
|
| $14559718 |
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Information Systems Audit In Banking Sector A Study Of SBI And ICICI Banks
Authors: C. Mallesha, M. Sulochana
1st Edition
6200254397, 978-6200254399
