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questiosn 19&20 i meed help. i got 2,000,000 for 24 QUESTION 24 A $2,000,000, 10% bond paying quarterly interest is sold to yield 10% on

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questiosn 19&20 i meed help. i got 2,000,000 for 24 image text in transcribed
QUESTION 24 A $2,000,000, 10% bond paying quarterly interest is sold to yield 10% on January 1, 2021. The amount of cash received from the sale of the bond equals? The following information relates to the next three questions. The December 31, 2021 balance sheet of Lujan Corporation Includes $3,000,000 face value of bonds payable with a carrying value of $3,081,000. The bonds have a stated rate of 9%. They were issued on 12/31/20. Lujan uses straight line amortization The market rate of interest for Lujan's bonds is: 1. Cannot be determined 2. Lower than 94% 3. Higher than 9 4. Equal to 9 QUESTION 19 What is the expected maturity date of the bonds if 59,000 of premium was used in the first year 1. December 31, 2030 2. December 31, 2021 3. December 31, 2025 4. Cannot be determined QUESTION 20 On March 1, 2022 Lujan retired $1.200.000 of these bonds at 98 plus accrued interest. What should Lujan record as again on retirement of these bonds? Ignore taxes. NOTE: Make sure you update the premium account before calculating the gain or loss

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