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Sheridan Company received proceeds of $812000 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $770000. pay interest
Sheridan Company received proceeds of $812000 on 10-year, 8% bonds issued on January 1, 2016. The bonds had a face value of $770000. pay interest annually on December 31st, and have a call price of 106. Sheridan uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2018? $736400 $803600 $770000 $807800
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Managerial Accounting
Authors: John J. Wild, Ken W. Shaw
2010 Edition
9789813155497, 73379581, 9813155493, 978-0073379586
