The following transactions were completed by Almeda Inc., whose fiscal year is the calendar year: Year 1
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Question:
2. Indicate the amount of the interest expense in (a) Year 1 and (b) Year 2.
a. Year 1 | $fill in the blank 91 |
b. Year 2 | $fill in the blank 92 |
3. Determine the carrying amount of the bonds as of December 31, Year 2.
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