Parrish industries has bonds outstanding in the amount of, Accounting Basics

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Parrish industries has bonds outstanding in the amount of

Problem

Parrish Industries has bonds outstanding (originally sold for $5,400,000) in the amount of $6,000,000 with a current bond discount at 104 on the market at its year end. What should be the balance of the Fair Value Adjustment on Bonds Payable?

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Accounting Basics: Parrish industries has bonds outstanding in the amount of

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Accounting Basics: Parrish industries has bonds outstanding in the amount of

Reference No:- TGS02750575

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