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Auerbach Inc. issued 6% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $400
Auerbach Inc. issued 6% bonds on October 1, 2018. The bonds have a maturity date of September 30, 2028 and a face value of $400 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2019. The effective interest rate established by the market was 8% Assuming that Auerbach issued the bonds for $345,636,000, what would the company report for its net bond ability balance at December 31, 2018, rounded up to the nearest thousand? (Do not round Intermediate calculations.) Multiple Choice O $346,549,000 O $399,000,000 O $339,636.000 O C $351636.000
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