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please help asap Support Help Time left 0:25:26 On November 1st, 2024 Wolf Creek Inc. issued a $3,200,000 bond due in eight years. Interest at
please help asap
Support Help Time left 0:25:26 On November 1st, 2024 Wolf Creek Inc. issued a $3,200,000 bond due in eight years. Interest at the rate of 6% is to be paid semi annually beginning six months from the date of issue. The market interest rate is currently 4%. What should Wolf Creek Inc show on its balance sheet under non current liabilities for this bond one year after the date of issue? Select one: a. Bonds Payable, 6%, due November 1, 2031 $3,200,000 ADD: Premium on Bonds Payable 23,313 b. Bonds Payable, 4%, due November 1, 2032 $3,200,000 LESS: Discount on Bonds Payable 23,313 Bonds Payable, 6%, due November 1, 2031 $3,200,000 ADD: Premium on Bonds Payable 411,026 d. Bonds Payable, 6%, due November 1, 2032 $3,200,000 LESS: Discount on Bonds Payable 387,247 page-8# BE Step by Step Solution
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