Question
Pinder co issued a 10 year bond with a face amount of $25,000. Interest will be paid semiannually at a contract rate of 8%. The
Pinder co issued a 10 year bond with a face amount of $25,000. Interest will be paid semiannually at a contract rate of 8%. The current market rate is 9%
A. determine the present value of the bonds payable
B. What is the resulting entry of the bond?
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Managerial accounting
Authors: ramji balakrishnan, k. s i varamakrishnan, Geoffrey b. sprin
1st edition
471467855, 978-0471467854
