Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2018.The bonds pay interest annually

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Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2018.The bonds pay interest annually on December 31.The bonds were sold at a discount of $24,578.The bond carrying amount at the end of 2019 is:

A). $175,422.
B). $176,964.
C). $200,000.
D). $201,542.

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Posted Date: Jan 21, 2021 01:22 AM

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Hooker Company sells $200,000 of ten-year,8% bonds to yield 10% on January 1,2018.The bonds pay interest annually

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Intermediate Accounting IFRS

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