n January 1, 2013, Shay issues$300,000 of 10%, 15-year bonds at a price of 97.75. Six yearslater, on January 1, 2019, Shay retires 20% of these bonds bybuying them on the open market at 105.25. All interest is accountedfor and paid through December 31, 2018, the day before thepurchase. The straight-line method is used to amortize any bonddiscount. 2. What is the amount of the discounton the bonds at January 1, 2013? check my workView Hint #1referencesebook & resources. 3. How much amortization of thediscount is recorded on the bonds for the entire period fromJanuary 1, 2013, through December 31, 2018? check my workView Hint #1referencesebook & resources 4. What is the carrying (book) value ofthe bonds and the carrying value of the 20% soon-to-be-retiredbonds as of the close of business on December 31, 2018? check my workView Hint #1referencesebook & resources
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n January 1, 2013, Shay issues$300,000 of 10%, 15-year bonds at a price of 97.75. Six yearslater, on January 1, 2019, Shay retires 20% of these bonds bybuying them on the open market at 105.25. All interest is accountedfor and paid through December 31, 2018, the day before thepurchase. The straight-line method is used to amortize any bonddiscount. |
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2. |
What is the amount of the discounton the bonds at January 1, 2013? |
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check my workView Hint #1referencesebook & resources.
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3. |
How much amortization of thediscount is recorded on the bonds for the entire period fromJanuary 1, 2013, through December 31, 2018? |
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check my workView Hint #1referencesebook & resources
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4. |
What is the carrying (book) |
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check my workView Hint #1referencesebook & resources
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