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Business, 26.11.2021 22:10 khenalilovespandas
Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $400,000, pay interest annually on December 31st, and have a call price of 102. Sparks uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2015?
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Sparks Company received proceeds of $423,000 on 10-year, 8% bonds issued on January 1, 2013. The bon...
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