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( Part A, Part B, and Part C) Im having trouble with this three part problem on accounting. If anyone get help me with this
( Part A, Part B, and Part C) Im having trouble with this three part problem on accounting. If anyone get help me with this question this will be greatly appreciated. Please make sure its correct because I'm trying to learn from this. The couple of times I've posted this in the past they have been wrong. Again, please make sure it's correct and box the final answer. Thank you
Part A
Part B
Part C
If the market interest rate is 7%, a $10,000, 6%, 10-year bond, that pays interest annually would sell at an amount equal to face value. a. that cannot be determined greater than face value. less than face value. d. A $1600 face value bond with a quoted price of 98 is selling for $1600. a. $1568. O b. $98. C. $1502. d. If bonds have been issued at a discount, over the life of the bonds, the unamortized discount will increase. a. carrying value of the bonds will increase. C. carrying value of the bonds will decrease interest expense will increase, if the discount is being amortized on a straight-line basis. dStep by Step Solution
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