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Myriad Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $370 million on January 1, 2016 for $330,802,422. The bonds mature
Myriad Solutions, Inc., issued 12% bonds, dated January 1, with a face amount of $370 million on January 1, 2016 for $330,802,422. The bonds mature on December 31, 2025 (10 years). For bonds of similar risk and maturity the market yield is 14%. Interest is paid semiannually on June 30 and December 31. Required: Complete the table below to calculate the amounts related to the bonds that Myriad would report in its financial statements. (Enter your answers in whole dollars.) Bond Interest Discount Period-End Cash Interest Paid Carrying Value Expense Amortization 01/01/2016 06/30/2016 12/31/2016 Total
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