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Freakshow Winery issued $6,000,000, 4%, 10 year of bonds at 101. Freakshow uses the straight-line method of amortization. Interest is paid annually. This bond was
Freakshow Winery issued $6,000,000, 4%, 10 year of bonds at 101. Freakshow uses the straight-line method of amortization. Interest is paid annually. This bond was issued at a [ Choose ] On the first interest payment Interest Expense will be debited [ Choose ] for After the third interest payment, the carrying value of the bond will [ Choose ] be If Freakshow calls the bonds after the third interest payment at 99, [ Choose ] they will pay the bondholders cash of (what dollar amount?) At the time of issuance, the market rate of interest was [ Choose ] than the stated rate of interest of 4%
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