Question
On January 1, 2016, Zebra Corporation issued 1,900 of its 8%, $1,000 bonds at 97.9. Interest is payable semiannually on January 1 and July 1.
On January 1, 2016, Zebra Corporation issued 1,900 of its 8%, $1,000 bonds at 97.9. Interest is payable semiannually on January 1 and July 1. The bonds mature on January 1, 2026. Zebra paid $57,000 in bond issue costs. Zebra uses the straight-line amortization method. What is the bond book value reported in the December 31, 2016, balance sheet?
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Management Accounting
Authors: John Burns, Martin Quinn, Liz Warren, João Oliveira
1st Edition
0077121619, 978-0077121617
