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