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Taylor Corporation issued 54,000,000, 10 year, 6% bondsco January 1, 2012. The bonds were med @ 86.37 to yield an effective market rate of 8%.

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Taylor Corporation issued 54,000,000, 10 year, 6% bondsco January 1, 2012. The bonds were med @ 86.37 to yield an effective market rate of 8%. Interest is payable annually ca January 1. Financial statements are prepared on December 3151 b. Calculate the cash received from the sale of these boods of they had been issued 102 instead of 86 37 & Calculate the interest to be paid every year on this bendicance c. If the boods had been wat 102 instead of $6.37, what amount of interest would be paid every year 3.20 PM 1/10/200 o d. Complete this table to calculate the bond interest expense and amortization amounts. Interest Period Bond Interest Cash Payment Bond Interest Expense Discount Amortization Unamortized Discount Carrying Value sue Date 2/31

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