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Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: For each of the three independent cases that follow, provide the
Sikes Corporation, whose annual accounting period ends on December 31, issued the following bonds: For each of the three independent cases that follow, provide the following amounts to be reported on the January 1, 2015, financial statements immediately after the bonds are issued. TIP: See Exhibit 10.5 for an illustration distinguishing Bonds Payable from their carrying value. (Negative amounts should be indicated with a minus sign.)
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