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How much is the carrying value of the bond in december

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Reference no: EM133165290

Question - On January 1, 2022 an entity issued two-year 10% 1,500,000.00 face value bonds for a price which will yield a 8% effective interest cost per year. The interest is payable semi-annually every June and December 31 each year.

Provide for the Effective interest Table and answer the following question:

1. How much is the interest Payment June 2023?

2. How much is the interest Payment in December 2023?

3. How much is the interest Expense December 2022?

4. How much is the carrying value of the bond in December 2022?

5. How much is the carrying value of the bond in June 2023?

Reference no: EM133165290

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