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Given the following information for the Mayk Corporation: Bonds issued: $ 100,000 Effective Rate: 10% Stated Rate: 9% Purchase Price: $ 96,139 Date issued: 1/1/22
Given the following information for the Mayk Corporation: Bonds issued: $ 100,000 Effective Rate: 10% Stated Rate: 9% Purchase Price: $ 96,139 Date issued: 1/1/22 Term: 5 years Interest 6/30 & 12/31 collected: Question: Interest Revenue in 2023 using straight line amortization is $ Riedy purchased (on 7/1/15) $1,000,000 of held-to-maturity, 8%, bonds for $946,000, including accrued interest of $40,000. The bonds mature on January 1, 2022; effective rate is 10%. The 12/31/15 bond carrying value is 4000 A. 206,000 $1900 000 B. $911,300 $916,600 $953,300 $960,600 $991,300 Volusz 10% D. E. non qohooo
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