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Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Interest Expense
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Interest Expense Cash Paid Increase in Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 06/30/2023 12/31/2023 $12,000 12,000 12,000 12,000 12,000 12,000 $13,692 13,793 13,901 14,015 14,136 14,264 $1,692 1,793 1,901 2,015 2,136 2,264 Carrying Value $228,199 229,891 231,684 233,585 235,600 237,736 240,000 THA issued the bonds for: Multiple Choice $240,000. $228,199 $312.000. Cannot be determined from the given information
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