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Clear font and in details please. Thank you 10. (8 marks) On June 30, 2014, AB Company issued a 10 year, 5%, $10,000,000 redeemable bond
Clear font and in details please. Thank you
10. (8 marks) On June 30, 2014, AB Company issued a 10 year, 5%, $10,000,000 redeemable bond paying interest twice a year on December 31 and June 30 at an effective rate of 4.4%. On September 30, 2019, AB redeemed forty percent of the bond issue at 102. AB uses IFRS. Prepare the following entries: a) Issue of the bond b) Interest for the first two interest periods c) Redemption of bondsStep by Step Solution
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