Question
Oasis Company received $391,800 for bonds having a total face value of $400,000. If the balance sheet date corresponded with the date of the bond
Oasis Company received $391,800 for bonds having a total face value of $400,000.
If the balance sheet date corresponded with the date of the bond issue, what carrying value would be reported on the balance sheet?
- $395,900
- $408,200
- $391,800
- $400,000
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
