On October 1, 2023, Ayayai Ltd. purchased 521 of the $1000 face value, 10% bonds of...
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On October 1, 2023, Ayayai Ltd. purchased 521 of the $1000 face value, 10% bonds of Wildhorse Ltd. for $574000, including accrued interest of $13025. The bonds, which mature on January 1, 2030, pay interest semi-annually on January 1 and July 1. Ayayai used the straight-line method of amortization and appropriately recorded the bonds as long-term. On Ayayai's December 31, 2024 balance sheet, the carrying value of the bonds would be $557244. $552980. $560975. $558310. On October 1, 2023, Ayayai Ltd. purchased 521 of the $1000 face value, 10% bonds of Wildhorse Ltd. for $574000, including accrued interest of $13025. The bonds, which mature on January 1, 2030, pay interest semi-annually on January 1 and July 1. Ayayai used the straight-line method of amortization and appropriately recorded the bonds as long-term. On Ayayai's December 31, 2024 balance sheet, the carrying value of the bonds would be $557244. $552980. $560975. $558310.
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