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X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following
X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity. Interest O Date 01/01/2021 12/31/2021 Cash Paid Expense Decrease in Carrying Value Carrying Value $249,583 $21,600 $19,967 $1,633 247,949 12/31/2022 21,600 19,836 1,764 246,185 12/31/2023 21,600 19,695 1,905 244,280 12/31/2024 21,600 19,542 2,058 242,222 12/31/2025 21,600 19,378 2,222 240,000 X2 issued the bonds at: Multiple Choice 30 Next >
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