Question
An entity issues bonds on December 31, 20x4 with the following characteristics: Issue price $7155362 Face value of bonds $8000000 Yield to maturity 8.13 %
An entity issues bonds on December 31, 20x4 with the following characteristics:
| Issue price | $7155362 |
| Face value of bonds | $8000000 |
| Yield to maturity | 8.13 % |
| Coupon rate | 4.23 % |
The bonds pay interest on June 30 and December 31 of each year. What is the balance in the bonds payable account on June 30, 20x5?
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Statutory Audits In Europe
Authors: Michael Kend, Giulia Leoni, Cristina Florio, Silvia Gaia
1st Edition
1032201738, 978-1032201733
