Question
The Evanston Company issued $125,000 of 6% bonds on January 1 at a discount of $8,428. Interest expense reported during the year totaled $7,810, while
The Evanston Company issued $125,000 of 6% bonds on January 1 at a discount of $8,428. Interest expense reported during the year totaled $7,810, while amortization amounted to $310. How much is the book value of the bonds on December 31?
$108,762
$109.072
$112,182
$116,882
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Auditing Cases
Authors: Frank A. Buckless, Mark. S. Beasley, Steven M. Glover, Douglas F. Prawitt
1st Edition
978-0130800015
