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Quartz Corporation sold a $58 million, 7 percent bond issue on January 1 , Year 1 . The bonds pay interest each December 31 and
Quartz Corporation sold a $58 million, 7 percent bond issue on January 1 , Year 1 . The bonds pay interest each December 31 and mature 10 years from January 1 , Year 1 . For comparative study and analysis, assume three independent selling scenarios: case A, bonds sold at par; case B, bonds sold at 98; case C, bonds sold at 102. Use straight-line amortization and disregard income tax unless specifically required. Required: 1. Complete the following schedule to analyze the differences among the three cases. (Enter your answers in thousands of dollars. Input all amounts as positive values.) Quartz Corporation sold a $58 million, 7 percent bond issue on January 1 , Year 1 . The bonds pay interest each December 31 and mature 10 years from January 1 , Year 1 . For comparative study and analysis, assume three independent selling scenarios: case A, bonds sold at par; case B, bonds sold at 98; case C, bonds sold at 102. Use straight-line amortization and disregard income tax unless specifically required. Required: 1. Complete the following schedule to analyze the differences among the three cases. (Enter your answers in thousands of dollars. Input all amounts as positive values.)
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