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can you please solve this. The answer is $1910000 On June 30,204, Parks Co. had outstanding 8%,$2,000,000 face amount, 15-year bonds maturing on June 30,214.
can you please solve this. The answer is $1910000
On June 30,204, Parks Co. had outstanding 8%,$2,000,000 face amount, 15-year bonds maturing on June 30,214. Interest is payable on June 30 and December 31 . The unamortized balances in the bond discount and deferred bond issue costs accounts June 30,204 were $70,000 and $20,000, respectively. On June 30,204, Parks acquired all.of these bonds at 94 and retired them. What net carrying amount should be used in computing gain or loss on this early extinguishment of debt Step by Step Solution
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