What will the carrying value of the bonds, Accounting Basics

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What will the carrying value of the bonds

A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2010. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2010 balance sheet?

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Accounting Basics: What will the carrying value of the bonds

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Accounting Basics: What will the carrying value of the bonds

Reference No:- TGS086372

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Recent Questions Asked Accounting Basics

Q : What is the total cash received on the issue date

Q : Explain the cultural-social and personal characteristics

Q : Explain investigation has not revealed any assignable causes

Q : What reasons might there be for using a single measure

Q : What will the carrying value of the bonds

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What will the carrying value of the bonds

Reference No:- TGS086372

Recent Questions Asked Accounting Basics

Q : What is the total cash received on the issue date

Q : Explain the cultural-social and personal characteristics

Q : Explain investigation has not revealed any assignable causes

Q : What reasons might there be for using a single measure

Q : What will the carrying value of the bonds

Q : Nearly a week before Hurricane Katrina reached New Orleans, Wal-Mart b

Q : Define the terms power and leverage

Q : Formulate an lp to maximize the farmer revenue

Q : What their cost of goods sold and gross profit rate would be

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