Interest paid increase in carrying value carrying value


Coney Island Entertainment issues $1,000,000 of 6% bonds, due in 15 years, with interest payable semiannually The market interest rate is 7% and the bonds issue at a discount Cash Paid ? Interest Paid Increase in Carrying Value Carrying Value?

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Accounting Basics: Interest paid increase in carrying value carrying value
Reference No:- TGS0670793

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