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A company issues $5000000, 7.8%, 20- year bonds to yield 8% on January 1, 2009. Interest is paid on June 30 and December 31. The
A company issues $5000000, 7.8%, 20- year bonds to yield 8% on January 1, 2009. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4901036. Using straight line method amortization, what is the carrying value of the bonds on December 31, 2011? a. 4917558 b. 4985156 c. 4908458 d. 4915881
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Cima Official Exam Practice Kit Fundamentals Of Management Accounting Cima Certificate In Business Accounting 2006 Syllabus
Authors: Walter Allan
2nd Edition
0750687177, 978-0750687171
