Question
Z-Rental Co. issued $72,000 of 6% bonds on January 1 at a discount of $5,457. Interest expense reported during the year totaled $4,647, while amortization
Z-Rental Co. issued $72,000 of 6% bonds on January 1 at a discount of $5,457. Interest expense reported during the year totaled $4,647, while amortization amounted to $327. What is the book value of the bonds on December 31? $66,216 $66,870 $67,680 $66,543
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Advanced Management Accounting
Authors: Maurice L. Hirsch Jnr.
2nd Edition
1861526768, 978-1861526762
