Question
Hocker Company issues $200,000 of ten-year, 8% bonds to yield 10% on January 1, 20X1. The bonds pay interest annually on December 31. The bonds
Hocker Company issues $200,000 of ten-year, 8% bonds to yield 10% on January 1, 20X1. The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578. The bond carrying amount at the end of 20X1 is:
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$175,422.
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$176,964.
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$200,000.
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$201,542.
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Management And Cost Accounting
Authors: Colin Drury
6th Edition
1844807037, 978-1844807031
