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Multiple Choice Question 68 A company issues $15100000, 5.8%, 20-year bonds to yield 6% on January 1, 2017. Interest is paid on June 30 and
Multiple Choice Question 68 A company issues $15100000, 5.8%, 20-year bonds to yield 6% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14750967. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2017 balance sheet? $14755596 $15100000 $14760364 $14769726
Multiple Choice Question 68 A company issues $15100000, 5.8%, 20-year bonds to yield 6% on January 1, 2017. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14750967. Using effective- interest amortization, what will the carrying value of the bonds be on the December 31, 2017 balance sheet? $14755596 $15100000 $14760364 $14769726 Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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