Question
A company issues $16500000, 9.8%, 20-year bonds to yield 10% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds
A company issues $16500000, 9.8%, 20-year bonds to yield 10% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16216875. Using straight-line amortization, what is the carrying value of the bonds on December 31, 2021?
A) $16237076
B) $16259344
C) $16467168
D) $16264374
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Accounting For Construction Frameworks Productivity Cost And Performance
Authors: Rick Best, Jim Meikle
1st Edition
1138293970, 978-1138293977
