Question
On January 1, 2017, Taggart Sales issued $18.000 in bonds for $18,800. These are eight - year bonds with a stated iterest rate of 9%
On January 1, 2017, Taggart Sales issued $18.000 in bonds for $18,800. These are eight - year bonds with a stated iterest rate of 9% that pay semiannual interest. Taggart Sales uses the staight - line method to amortize the bond premium. After the first Interest payment on June 30, 2017, what is the bond carrying amount? (Round your intermediate answers to the nearest dollar.)
A) $18,750
B) $18,800
C) $18,000
D) $18,050
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Principles Of Cost Accounting
Authors: Edward J. Vanderbeck
12th Edition
0324100949, 978-0324100945
