Question
On Jan. 1, 1995, T. Company issued $100,000 of 10-year, 8% bonds at 93.5, an effective interest rate of 9%. Interest is payable on DE
On Jan. 1, 1995, T. Company issued $100,000 of 10-year, 8% bonds at "93.5", an effective interest rate of 9%. Interest is payable on DE 31 and July 1. FISCAL YEAR ENDS ON DEC. 31
Use the effective interest method.
a. Sale on Jan 1 for $93,500
b. July 1 entry
c. DEC 31 ENTRY
d. July 1 entry
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Measuring Business Interruption Losses And Other Commercial Damages An Economic Approach
Authors: Patrick A. Gaughan
3rd Edition
1119647916, 9781119647911
