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Business, 14.03.2020 03:32 alonnachambon

A 15-year bond was issued in year 5 at a discount. During year 15, a 10-year bond was issued at face amount with the proceeds used to retire the 15-year bond at its face amount. The net effect of the year 15 bond transactions was to increase long-term liabilities by the excess of the 10-year bond's face amount over that of the 15-year bond's:

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A 15-year bond was issued in year 5 at a discount. During year 15, a 10-year bond was issued at face...
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