Question
Swifty Company issued $510000 of 6%, 5-year bonds at 97, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds
Swifty Company issued $510000 of 6%, 5-year bonds at 97, with interest paid annually. Assuming straight-line amortization, what is the carrying value of the bonds after one year?
$491140
$496740
$505140
$494700
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
