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Business, 01.10.2019 06:00 ilovepickles930

On january 1, 2018, parker company issued bonds with a face value of $80,000, a stated rate of interest of 8 percent, and a five-year term to maturity. interest is payable in cash on december 31 of each year. the effective rate of interest was 9 percent at the time the bonds were issued. the bonds sold for $76,888. parker used the effective interest rate method to amortize the bond discount. required: prepare an amortization table. at what amount would the bond liability appear on the 2021 balance sheet? what item(s) and amount in the table would appear on the 2021 income statement? what item(s) and amount in the table would appear on the 2021 statement of cash flows (direct method) and under what section the bond liability appear?

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On january 1, 2018, parker company issued bonds with a face value of $80,000, a stated rate of inter...

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