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Business, 02.08.2019 18:30 kevinbazalar

On january 1, 2017, shay issues $700,000 of 10%, 15-year bonds at a price of 97¾. six years later, on january 1, 2023, shay retires 20% of these bonds by buying them on the open market at 104½. all interest is accounted for and paid through december 31, 2022, the day before the purchase. the straight-line method is used to amortize any bond discount. exercise 10-9 part 4 4. what is the carrying (book) value of the bonds and the carrying value of the 20% soon-to-be-retired bonds as of the close of business on december 31, 2022?

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On january 1, 2017, shay issues $700,000 of 10%, 15-year bonds at a price of 97¾. six years later, o...
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