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Eagle Corporation issued $10.250 000. 6 percent bonds dated April 1. year 1. The market rate of interest was 7 percent with interest paid each
Eagle Corporation issued $10.250 000. 6 percent bonds dated April 1. year 1. The market rate of interest was 7 percent with interest paid each March 31 The bonds mature in three years, on March 31 year 4. Eagle's fiscal year ends on December 31. Use Table 9C1 Show how the bonds should be reported on the statement of financial position at December 31, year 1. (Round intermediate and nelnswer to the nearest whole dollar) Return to Answer is complete but not entirely correct ALLE CORPORATION As of Decembarst Year! Statement of hinancial position Honds payable Und discount S 10 250 000 (395 976) 9,854024 1 What amount of interest expense will be recorded on March 31 year 22 (Round time value foctor to 4 decimal places. Round the final answer to the nearest dollar amount.) 3 Answer is complete but not entirely correct BOX
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