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Use the following to answer questions 8-10 (Round answers to the nearest dollar) The company issues 9%,10-year bonds with a total face amount of $100,000.
Use the following to answer questions 8-10 (Round answers to the nearest dollar) The company issues 9%,10-year bonds with a total face amount of $100,000. The market interest rate for bonds of similar risk and maturity is 9%. Interest is paid semiannually. 8. What is the issue price of the bond? 9. When the company records the 2 nd interest payment, how much will the company record for interest expense? 10. What is the bond liability (carrying amount) after the 2 nd interest payment
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