Question
Crane Company issued $860000 of 8%, 5-year bonds at 109, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds
Crane Company issued $860000 of 8%, 5-year bonds at 109, which pay interest annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
|
| $937400 |
|
| $945140 |
|
| $921920 |
|
| $929660 |
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Regulation Audit Inspection Standards And Risk A Handbook For Street Level Regulators
Authors: John E Brady, Amy J Brady
1st Edition
0993082238, 978-0993082238
