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On January 1, Year 1, Gil lson Corporation issued 1,000 of its 9%, $1 000 callable bonds for The bonds are dated January 1, Year
On January 1, Year 1, Gil lson Corporation issued 1,000 of its 9%, $1 000 callable bonds for The bonds are dated January 1, Year 1, and mature on December 31, Year 15. Interest 1 and July 1. The bands can be called by the issuer at 102 on is payable semiannually on January any interest payment at D ecember 31, Year 8, and the market price of the bonds was 99 on this date. In its December 31, ar 8, balance sheet, at what amount should Gilson report the carrying value of the bonds? Ye
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