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The company issued $100,000, 10-year bonds on January 1, 2011. The stated rate of interest on the bonds is 10% payable annually on 12/31. Provide
The company issued $100,000, 10-year bonds on January 1, 2011. The stated rate of interest on the bonds is 10% payable annually on 12/31. Provide the requested information for the bonds immediately after issuance (January 1, 2011) under each of the three independent scenarios described below:
Case 1 Bonds sold at 100 | Case 2 Bonds sold at 104 | Case 3 Bonds sold at 98 | |
Bonds Payable | |||
Unamortized Premium or Discount | |||
Bonds Payable, net |
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