Question
Q 18 20 On January 1, 2020, Drunken Tiger Co. issued $900,000 of 10%, 5-year bonds payable, when the market interest rate is 14%. The
Q 18 20 On January 1, 2020, Drunken Tiger Co. issued $900,000 of 10%, 5-year bonds payable, when the market interest rate is 14%. The bonds pay interest semiannually. What is the present value of the bonds at issuance? Use present value factor tables below and round to the nearest dollars. *$773,280 *$558,900 *$1,036,566 *$797,733
What is the interest expense recognized on June 30, 2021? Round to the nearest dollars. *$84,117 *$55,452 *$127,212 *$10,452 What is the carrying amount of the bonds payable at December 31, 2021? Round to the nearest dollars. *$783,815 *$803,815 *$813,815 *$793,815
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