Sand inc has outstanding 5000000 10 20 year bonds- if the


Sand, Inc. has outstanding $5,000,000, 10%, 20 year bonds.

The bonds are callable at 104 on any interest date. The bonds were issued at par and mature in 10 years.

Recently, interest rates have declined to 5% and the market price of the bonds has increased to 107.

If the company exercises the call provision, the company will record:

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Financial Accounting: Sand inc has outstanding 5000000 10 20 year bonds- if the
Reference No:- TGS01560591

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