Question
January 1, 2014, Frick Co. issued 3,000 of its 9%, $1,000 face value bonds at 101 1/2. In connection with the sale of these bonds,
January 1, 2014, Frick Co. issued 3,000 of its 9%, $1,000 face value bonds at 101 1/2. In connection with the sale of these bonds, Frick paid the following expenses: Promotion costs $ 20,000
Engraving and printing 35,000
Legal fees & commissions 200,000
What amount should Frick record as:
a. bond issue costs to be amortized over the termof the bonds
b. bond premium or discount
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Auditing Your Windows Infrastructure Intranet And Internet Security A Practical Audit Program For Assurance Professionals
Authors: Nwabueze Ohia
1st Edition
1521804133, 978-1521804131
