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Auerbach Incorporated issued 4% bonds on October 1, 2024. The bonds have a maturity date of September 30,2034 and a face value of $300 million.
Auerbach Incorporated issued 4% bonds on October 1, 2024. The bonds have a maturity date of September 30,2034 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2025. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $255,369,000, what would the company report for its net bond liability balance after its first interest payment on March 31 , 2025 . Note: Round your answer to the nearest thousand. $256,300,000$252,369,000$256,369,000$257,030,000
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