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On January 1, Year 1, Williams Corporation issued ( $ 200,000 ) of callable bonds at face value. The bonds carried a ( 2 %
On January 1, Year 1, Williams Corporation issued ( $ 200,000 ) of callable bonds at face value. The bonds carried a ( 2 % ) call premium. If Williams calls the bonds, how would this event affect the company's accounting equation? Multiple Choice Decrease stockholders' equity by ( $ 4,000 ). Decrease liabilities by ( $ 200,000 ). Decrease assets by ( $ 204,000 ). All of these answer choices are correct.
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