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ollowing shows how the bond issue will affect Residence's financial statements on January 1, Year 1? Multiple Choice On January 1, Year 1 Residence Company
ollowing shows how the bond issue will affect Residence's financial statements on January 1, Year 1? Multiple Choice
On January 1, Year 1 Residence Company issued bonds with a $50,000 face value. The bonds were issued at 96 resulting in a 4% discount. They had a 20 year term and a stated rate of interest of 7%. Which of the following shows how the bond issue will affect Residence's financial statements on January 1, Year 1? Multiple Choice Assets se,ee Assets 48, eee Assets 52, eee Assets se , eee Balance Sheet Carrying Value Bond Liability 48, eee Balance Sheet Carrying Value Bond Liability 48, eee Balance Sheet Carrying Value Bond Liability 52, eee Balance Sheet Carrying Value Bond Liability se,eee Stockholders Equity 2, oee Stockholders' Equity Stockholders' Equity Stockholders' Equity Revenue Revenue Revenue Revenue Income Statement Expenses Income Statement Expenses Income Statement Expenses Income Statement Expenses Net Net Net Net Income Income Income Income Statement of Cash Flows 48,eoe FA Statement of Cash Flows 48,eae FA Statement of Cash F Iows 52,eae FA Statement of Cash Flows se,eoe FA
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