Costs in connection with the issuance of bonds


Chinook Corporation incurred the following costs in connection with the issuance of bonds: (1) printing and engraving costs, $15,000; (2) legal fees, $49,000, and (3) commissions paid to underwriter, $60,000. What amount should be reported as Unamortized Bond Issue Costs?

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Accounting Basics: Costs in connection with the issuance of bonds
Reference No:- TGS058752

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