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On January 1 , 2 0 2 4 , Pharoah Satellites Ltd . issued $ 1 . 5 1 - million, 1 0 - year
On January Pharoah Satellites Ltd issued $million, year bonds. The bonds pay semiannual interest on July and January and Pharoah has a December year end. A partial bond amortization schedule is presented below: tabletableSemiAnnualInterest PeriodtableInterestPaymenttableInterestExpenseAmortization,tableCarryingAmount of BondsJan$July $$$JanJuly JanJuly Jan Were the bonds issued at a premium or a discount?
On January Pharoah Satellites Ltd issued $million, year bonds. The bonds pay semiannual interest on July and January and Pharoah has a December year end. A partial bond amortization schedule is presented below:
tabletableSemiAnnualInterest PeriodtableInterestPaymenttableInterestExpenseAmortization,tableCarryingAmount of BondsJan$July $$$JanJuly JanJuly Jan
Were the bonds issued at a premium or a discount?
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