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On January 1, 2024, Highlands Resort issues $25 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond
On January 1, 2024, Highlands Resort issues $25 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) Date 1/1/2024 6/30/2024 12/31/2024 (2) Cash Paid for Interest $1,000,000 1,000,000 (3) Interest Expense $1,051, 830 1,054, 163 (4) Increase in Carrying Value $51, 830 54, 163 Required: 1. Were the bonds issued at face amount, a discount, or a premium? (5) Carrying Value $23,374,008 23,425, 838 23,480,001 
On January 1, 2024, Highlands Resort issues $25 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Required: 1. Were the bonds issued at face amount, a discount, or a premium
On January 1, 2024, Highlands Resort issues $25 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) Date 1/1/2024 6/30/2024 12/31/2024 (2) Cash Paid for Interest $1,000,000 1,000,000 (3) Interest Expense $1,051, 830 1,054, 163 (4) Increase in Carrying Value $51, 830 54, 163 Required: 1. Were the bonds issued at face amount, a discount, or a premium? (5) Carrying Value $23,374,008 23,425, 838 23,480,001
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