Question
A company issues $16400000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds
A company issues $16400000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16118591. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet?
|
| $16132729 |
|
| $16120921 |
|
| $16123367 |
|
| $16400000 |
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Financial Accounting A Course For All Majors
Authors: David W. OBryan
1st Edition
1617350958, 978-1617350955
