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Accounting for long term liabilities 11 Required information [The following information opplies to the questions displayed below.] Ike issues $140,000 of 9%, three-year bonds dated
Accounting for long term liabilities 11
Required information [The following information opplies to the questions displayed below.] Ike issues $140,000 of 9%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $143,667 when the market rate is 8%. 3. Prepare an effective interest amortization table for the bonds" first two years. (Round your intermediate and final answers to the nearest whole dollar.)Step by Step Solution
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