Pineapples Corp. is in need of cash. It issues bonds with a $2 million face value....
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Pineapples Corp. is in need of cash. It issues bonds with a $2 million face value. The bonds have an 8.48% coupon rate. The market rate is 6%. The bonds have a life of 10 years, and are compounded semiannually. Pineapples Corp. issues the bonds on 1/1/2022. What is the journal entry Pineapples Corp. will record when it retires the bonds in 10 years (after/not including the final coupon payment): Pineapples Corp. is in need of cash. It issues bonds with a $2 million face value. The bonds have an 8.48% coupon rate. The market rate is 6%. The bonds have a life of 10 years, and are compounded semiannually. Pineapples Corp. issues the bonds on 1/1/2022. What is the journal entry Pineapples Corp. will record when it retires the bonds in 10 years (after/not including the final coupon payment):
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To calculate the journal entry when Pineapples Corp retires the bonds after 10 years excluding the final coupon payment we need to account for both th... View the full answer
Related Book For
Financial Accounting and Reporting a Global Perspective
ISBN: 978-1408076866
4th edition
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
Posted Date:
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