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Use the following information to answer the next three questions. On January 1, oothill Company issued a $20,000 face value bond that sold for 110.
Use the following information to answer the next three questions. On January 1, oothill Company issued a $20,000 face value bond that sold for 110. term and a stated annual rate of interest of 8 percent 20X2, The bond had a ten-year 8. The carrying value of the bond liability on Api 1, 20x2, would be $20,000 $22,000. $21,800. $20,200 Januar 9. The amount of interest expense on the company's December 31, 20X2, income statement would be a $1,200. Inters paymeht 1000 Inruiexp. is s200 ess 1400 $1,400. c. $1,600 d. $1,050. 31, 20X3, income statement
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