FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Quatro Company Issues bonds dated January 1, 2021, with a par value of $790.000. The bonds' annual contract rate Is 9%, and Interest
Is pald semiannually on June 30 and December 31. The bonds mature In three years. The annual market rate at the date of Issuance Is
8%, and the bonds are sold for $810.694.
2 How much total bond Interest expense will be recognized over the Iife of these bonds?
3. Prepare a straight-line amortization table for these bonds.
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