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Fred corp. provides the following two lines of bond eBook Exercise 9-22Bond Amortization schedule Fred Corp. provides the following two ines of a bond amortization
Fred corp. provides the following two lines of bond eBook Exercise 9-22Bond Amortization schedule Fred Corp. provides the following two ines of a bond amortization schedule: 6/30/2014 Paid (B) (D) value $3,200 $200 $3A00 $2,200 $1300 Required Answer the following: a. Identify the column headings. Interest Payment Date Interest paid Discount Amortized Expense 6/30/2014 $3,200 $200 $3A00 12/31/2014 $3.200 $200 $3,400 b. Was the bond issued at a discount, a premium, or at face value? Discount c. what is the face value of the bonds? 80200 d. What is the stated interest rate? 3.99 e. Is the market interest rate greater than, less than, or equal to the stated interest rate? Greater tha a Ask me anything $2,200 Carrying value
Fred corp. provides the following two lines of bond
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