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Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2014 Maturity amount and date:
Net Work Corporation, whose annual accounting period ends on December 31, issued the following bonds Date of bonds: January 1, 2014 Maturity amount and date: $370,000 due in 10 years (December 31, 2023) Interest: 13 percent per year payable each December 31 Date issued: January 1, 2014 1. Provide the following amounts to be reported on the January 1, 2014, financial statements immediately after the bonds were issued: (Amounts to be deducted should be indicated with minus sign.) Case A Case B Case C (issued at 100) (issued at 96) (issued at 105) a. Bonds payable b. Unamortized premium (or discount) c. Carrying value
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