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Answer the accounting question below: Please also provide explanation on how to get values from the two tables for calculating issue price of the bond.
Answer the accounting question below:
On October 1, 2023, Ross Wind Energy Inc. issued a $1,580,000,110%, seven-year bond, Interest is to be paid annually each October 1. Assume a November 30 year-end. (Use TABLE 14 A. and TABLE 14A 2.). (Use appropriate factor(s) from the tables provided.) Required: a. Calculate the issue price of the bond assuming a market interest rate of 10% on the date of the bond issue. (Do not round intermedlate calculations. Round the final answer to the nearest whole dollac.) b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) TABLE 14A.1 Present Value of 1 Due in n Perlods TABLE 14A. 2 Please also provide explanation on how to get values from the two tables for calculating issue price of the bond.
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