Question
On January 1 a company issued and sold $400,000, 7%, 10 year bond payable and received proceeeds of $396,000. Interest is payable each June 30
On January 1 a company issued and sold $400,000, 7%, 10 year bond payable and received proceeeds of $396,000. Interest is payable each June 30 and December 31. The company uses straight line methid to amortized the discount. The carrying value of bonds immediately after 1st interest payment is?
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Cost Determination A Conceptual Approach
Authors: Joel S. Demski
1st Edition
0813803608, 978-0813803609
