Question
On July 1, 2015, Advocate Company exercises a $4,800 call option (plus par value) on its outstanding bonds that have a carrying value of $248,200
| On July 1, 2015, Advocate Company exercises a $4,800 call option (plus par value) on its outstanding bonds that have a carrying value of $248,200 and par value of $240,000. The company exercises the call option after the semiannual interest is paid on June 30, 2015. |
| Record the entry to retire the bonds. |
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Management Accounting Change Approaches And Perspectives
Authors: Chandana Alawattage, Danture Wickramasinghe
1st Edition
0415393329, 978-0415393324
