Business, 30.09.2019 19:30 logan541972

On january 1, 2016, tonika company issued a five-year, $10,000, 9% bond. the interest is payable annually each december 31. the issue price was $9,621 based on an 10% effective interest rate. tonika uses the effective-interest amortization method. the book value of the bonds as of december 31, 2016 is closest to:

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On january 1, 2016, tonika company issued a five-year, $10,000, 9% bond. the interest is payable ann...