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Question 5 of 22 -/25 ini View Policies Current Attempt in Progress Presented below is an amortization schedule related to Bramble Company's 5-year $ 150.000
Question 5 of 22 -/25 ini View Policies Current Attempt in Progress Presented below is an amortization schedule related to Bramble Company's 5-year $ 150.000 bond with a 7% interest rate and a 4% yield, purchased on December 31, 2018, for $ 170,034 Cash Received Interest Revenue Bond Premium Amortization Carrying Amount of Bonds Date 12/31/18 $ 170,034 12/31/19 166,335 $ 6,801 $ 10,500 $3,699 12/31/20 10,500 6,653 3,847 162.488 10,500 12/31/21 6,500 158,488 4,000 154,328 4,160 6,340 10,500 12/31/22 150,000 4,328 10,500 12/31/23 6.172 The following schedule presents a comparison of the amortized cost and fair value of the bonds at year-end. 12/31/21 12/31/23 12/31/22 12/31/20 12/31/19 $ 154,328 $ 150.000 $ 158.488 $ 162,488 $ 166,335 Amortized cost $ 150,000 $ 155,400 $164,700 $ 160,400 $ 165,800 Fair value Question 5 of 22
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