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Stryker issued $400,000 of 8.5% bonds payable on July 1, 2001 at 98.5%. The bonds have a call price of 102. The bonds' term to
Stryker issued $400,000 of 8.5% bonds payable on July 1, 2001 at 98.5%. The bonds have a call price of 102. The bonds' term to maturity is 15 years. On Dec 31, 2006 Stryker redeemed the bonds. a. compute the carrying amount of the bonds payable at dec 31, 2006 b. the amount stryker will pay the bondholders for the bonds, using the straight line method to amortize bond premiums and discounts
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