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Java and Juice inc. issued a 5500,000 , 10-year, 6W bond at 104 on January 1, 2024. Select all that apply to answer the following
Java and Juice inc. issued a 5500,000 , 10-year, 6W bond at 104 on January 1, 2024. Select all that apply to answer the following questions. (1) What is the discount or premlum on the bond issue? (2) What is the carnying value of the bond at the end of the second year if $4,000 has been amortized? A $20,000 premium on bonds payable B. $30,000 premilum on bonds payable C. \$25,000 discount on bonds pryable D. Carrying (book) value of the bond is equal to the bond's face value of $500,000 E. Carying (book) value of the bond would be $520,000 F. Carning book value of the bond would be $516,000
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