Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Interest Value Cash Paid Value Date Expense 01/01/2021 $246,803 06/30/2021 $10,400 $12,340 $1,940 248,743 12/31/2021 10,400 12,437 2,037 250,780 06/30/2022 10,400 12,539 2,139 252,919 12/31/2022 10,400 12,646 2,246 255,165 06/30/2023 10,400 257,523 12,758 2,358 12/31/2023 10,400 12,877 260,000 2,477 THA issued the bonds for: Multiple Choice $260,000. $246,803. $322,400 THA issued the bonds for: Multiple Choice $260,000 $246,803. $322,400 Cannot be determined from the given information.
Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity: Increase in Carrying Carrying Interest Value Cash Paid Value Date Expense 01/01/2021 $246,803 06/30/2021 $10,400 $12,340 $1,940 248,743 12/31/2021 10,400 12,437 2,037 250,780 06/30/2022 10,400 12,539 2,139 252,919 12/31/2022 10,400 12,646 2,246 255,165 06/30/2023 10,400 257,523 12,758 2,358 12/31/2023 10,400 12,877 260,000 2,477 THA issued the bonds for: Multiple Choice $260,000. $246,803. $322,400 THA issued the bonds for: Multiple Choice $260,000 $246,803. $322,400 Cannot be determined from the given information.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Q7
Transcribed Image Text:Tony Hawk's Adventure (THA) issued callable bonds on January 1, 2021. THA's accountant has projected the following amortization schedule from issuance until maturity:
Increase in
Carrying
Carrying
Interest
Value
Cash Paid
Value
Date
Expense
01/01/2021
$246,803
06/30/2021
$10,400
$12,340
$1,940
248,743
12/31/2021
10,400
12,437
2,037
250,780
06/30/2022
10,400
12,539
2,139
252,919
12/31/2022
10,400
12,646
2,246
255,165
06/30/2023
10,400
257,523
12,758
2,358
12/31/2023
10,400
12,877
260,000
2,477
THA issued the bonds for:
Multiple Choice
$260,000.
$246,803.
$322,400
Transcribed Image Text:THA issued the bonds for:
Multiple Choice
$260,000
$246,803.
$322,400
Cannot be determined from the given information.
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