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Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance until maturity:
Shaun White Adventure Company (SWAC) issued callable bonds on January 1, 2024. SWAC's accountant has projected the following amortization schedule from issuance until maturity: Interest Date 01/01/2024 Cash Paid Expense Increase in Carrying Value Carrying Value $332,235 06/30/2024 $14,000 $16,612 $2,612 334,847 12/31/2024 14,000 16,742 2,742 337,589 06/30/2025 14,000 16,879 2,879 340,468 12/31/2025 14,000 17,023 3,023 343,491 06/30/2026 14,000 17,175 3,175 346,666 12/31/2026 14,000 17,334 3,334 350,000 SWAC issued the bonds for: Multiple Choice $434,000. Cannot be determined from the given information. $332,235. $350,000.
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
IFRS Edition
978-1118443965, 1118800532, 9781118800539, 978-0470873991
