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On November 1, 2019, N Corporation issues a 15-year, $100,000 bond paying 10 percent interest semiannually ($5,000) for an issue price of $86, 235.17. The

On November 1, 2019, N Corporation issues a 15-year, $100,000 bond paying 10 percent interest semiannually ($5,000) for an issue price of $86, 235.17. The yield to maturity is 12%.

Demonstrate an understanding of OID by setting up an amortization spreadsheet.

YOU DO NOT HAVE TO COMPLETE THE SCHEDULE. JUST SHOW AND EXPLAIN 2 YEARS OF THE ACCRUALS.

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