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On January 1 of this year, Ikuta Company issued a bond with a face value of $ 1 1 0 , 0 0 0 and
On January of this year, Ikuta Company issued a bond with a face value of $ and a coupon rate of percent. The bond matures in years and pays interest every December When the bond was issued, the annual market rate of interest was percent. Ikuta uses the effectiveinterest amortization method. FV of $ PV of $ FVA of $ and PVA of $ Note: Use appropriate factors from the tables provided. Required: Complete a bond amortization schedule for all three years of the bond's life. What amounts will be reported on the income statement and balance sheet at the end of Year and Year
On January of this year, Ikuta Company issued a bond with a face value of $ and a coupon rate of percent. The bond matures in years and pays interest every December When the bond was issued, the annual market rate of interest was percent. Ikuta uses the effectiveinterest amortization method. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
Required:
Complete a bond amortization schedule for all three years of the bond's life.
What amounts will be reported on the income statement and balance sheet at the end of Year and Year
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