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Lava company issued $15 million, 7.8%, 20-year bonds to yield 8% on January 1, 20x1. Interest is paid on June 30 and December 31.
Lava company issued $15 million, 7.8%, 20-year bonds to yield 8% on January 1, 20x1. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,108. Using straight-line amortization what is the carrying value of the bonds on Lava's December 31, 20x37 O $14,732.797 $14.752.672 $14.955.466 $14,747,642
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Human Resource Management
Authors: John Bernardin
6th Edition
978-0078029165, 0078029163
