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a company issues $15,000,000, 7.8%, 20 year bonds to yield 8% on January 1,2019. interest is paid on June 30 and December 31. the proceeds
a company issues $15,000,000, 7.8%, 20 year bonds to yield 8% on January 1,2019. interest is paid on June 30 and December 31. the proceeds from the bonds are $14,703,108. using straight line amortization, what is the carrying value of the bonds on December 31,2021?
10. A company issues $15,000,000, 7.8%, 20-year bonds to vield 8% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14.703, 108. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021? a. $14,752,672 b. $14,955,466 c. $14,725,374 d. $14.747,642Step by Step Solution
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