FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
Investco issued $30,000 of 6.25% bonds on January 1 at a discount of $2,107. Interest expense reported during the year totaled $1,875, while amortization amounted to $132.
How much is the bookvalue of the bonds on December 31?
How much is the book
Select one:
A. $28,025
B. $31,952
C. $28,045
D. $27,816
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