Question
Chapter 14 Long-Term Liabilities A company issues $16,300,000, 5.8%, 20-year bonds to yield 6% on January 1, 2017. Interest is paid on June 30 and
Chapter 14 Long-Term Liabilities
A company issues $16,300,000, 5.8%, 20-year bonds to yield 6% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $15,923,229. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2017 balance sheet?
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
6th Edition
1118988493, 978-1118988497
