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you had been given the following concerning ABC Company CALLABLE bonds: Face Value Stated Rate Market Rate Maturity Issuance Date 1/7/2017 100,000 10% Interest Selling

you had been given the following concerning "ABC" Company CALLABLE bonds: Face Value Stated Rate Market Rate Maturity Issuance Date 1/7/2017 100,000 10% Interest Selling Payment Price 12% 6 Years Semiannual 91,616 Based on the above given information, Answer the following questions: if the company is using the effective interest method, 1. if the company pays interest on July 1 and December 31 What is the amount of interest expense that must be presented on the company's income statement for the year 2018? The Answer is: 2. At what value must the company present its bonds payable as 31/12/2018? The Answer is: 3. if the company called 60% of its outstanding bonds at 102 on 30/6/2019, then the company must: Pay Cash with an amount of For the year 2019 the company must Present Interest Expense with value of of on the income statement as on its income statement, and a

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