Amount of bond liability removed from the accounts, Accounting Basics

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Amount of bond liability removed from the accounts

A ten-year bond was issued in 2010 at a discount with a call provision to retire the bonds. When the bond issuer exercised the call provision on an interest date in 2012, the carrying value of the bond was less than the call price. The amount of bond liability removed from the accounts in 2012 would be the

A) a. call price.

B) b. maturity value.

C) c. carrying value.

D) d. face amount plus unamortized discount.

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Accounting Basics: Amount of bond liability removed from the accounts

Reference No:- TGS090157

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Accounting Basics: Amount of bond liability removed from the accounts

Reference No:- TGS090157

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: Amount of bond liability removed from the accounts

Reference No:- TGS090157

Recent Questions Asked Accounting Basics

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