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At December 31, 2020 the following balances existed on the books of Sunland Company: Bonds Payable $5970000 Discount on Bonds Payable 842000 Interest Payable 152000
At December 31, 2020 the following balances existed on the books of Sunland Company: Bonds Payable $5970000 Discount on Bonds Payable 842000 Interest Payable 152000 If the bonds are retired on January 1, 2021, at 101, what will Sunland report as a loss on redemption? $749700 $1053700 $597000 $901700 On January 1, a company issued a $50,000 face value, 8% five-year bond for $46,139 that will yield 10%. Interest is payable on June 30 and December 31. What is the bond carrying amount on December 31 of the current year? $46,446 O $47,106 $46,768 $46,139
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