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Business, 07.04.2020 22:21 tristanthecat
Several years ago, Nicole Company issued bonds with a face value of $1,030,000 for $960,000. As a result of declining interest rates, the company has decided to call the bond at a call premium of 6 percent over par. The bonds have a current book value of $1,013,000. Record the retirement of the bonds, using a discount account.
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Several years ago, Nicole Company issued bonds with a face value of $1,030,000 for $960,000. As a re...
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