etproctorio.com/securedProctoring Enabled: FINAL EXAMPeunedUpdaHelpSeve &ExtSubmit24On January 1, 2019, a company issued $400,200 of 10-year, 12% bonds. The Interest is payable semi-annually on June 30 and December 31. The Issueprice was $413,553 based on a 10% market linterest rate. The effective-Interest method of amortization is used. What is the book value of the bondliability as of June 30, 2019 (to the nearest dollar)?570Multiple Choice$410,219.$400,200.$416,887.$403,534.< Prev24 of 67Next >

Interest payment on June 30 = Face value of bonds x rate of interest x 6/12 = $400200*12%*6/12 =…

On January 1, 2019, a compeny Issued $400,200 of 10-year, 129% bonds. The Interest is payable semi-annually on June 30 and December 31 The Issue price was $413,553 based on a 10% market Interest rate. The effective-Interest method of amortization is used. What is the book value of the bond llability as of June 30, 2019 (to the nearest dollar)? Multiple Choice $410,219. $400,200. $416,887. $403,534.

On January 1, 2019, a compeny Issued $400,200 of 10-year, 129% bonds. The Interest is payable semi-annually on June 30 and December 31 The Issue price was $413,553 based on a 10% market Interest rate. The effective-Interest method of amortization is used. What is the book value of the bond llability as of June 30, 2019 (to the nearest dollar)? Multiple Choice $410,219. $400,200. $416,887. $403,534.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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