Question

Repeat M10-9 assuming the bonds are issued at 102.
Refer M10-9
E-Tech Initiatives Limited plans to issue $ 500,000, 10-year, 4 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2016. Show how the bonds would be reported on the January 2, 2016, balance sheet if they are issued at 97.


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  • CreatedNovember 02, 2015
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