Question
Garland Company received proceeds of $178600 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $190000, pay interest
Garland Company received proceeds of $178600 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $190000, pay interest annually on January 1, and have a call price of 101. Garland uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2020? $179740 $190000 $180880 $187492
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
