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our answer is partially correct. Try again. The following are two independent situations. 1. Wildhorse Corporation redeemed $137,000 face value, 10% bonds on June 30,
| our answer is partially correct. Try again. | |
The following are two independent situations.
| 1. | Wildhorse Corporation redeemed $137,000 face value, 10% bonds on June 30, 2020, at 106. The carrying value of the bonds at the redemption date was $122,500. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded. | |
| 2. | Tastove Inc. redeemed $154,000 face value, 16.00% bonds on June 30, 2020, at 98. The carrying value of the bonds at the redemption date was $157,000. The bonds pay annual interest, and the interest payment due on June 30, 2020, has been made and recorded. |
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Financial Accounting
Authors: Jane L. Reimers
1st Edition
0131492012, 978-0131492011
