Business, 18.11.2019 22:31 jhanellemo0112
Several years ago, cyclop company issued bonds with a face value of $1,000,000 for $1,045,000. as a result of declining interest rates, the company has decided to call the bonds at a call premium of 5 percent over par. the bonds have a current book value of $1,010,000. record the retirement of the bonds, using a premium account.
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Several years ago, cyclop company issued bonds with a face value of $1,000,000 for $1,045,000. as a...
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