Scott Corp. provides contracted home staging services to real estate agencies and their clients. Scott issued the

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Scott Corp. provides contracted home staging services to real estate agencies and their clients. Scott issued the following bonds in the current year:
a. 1,500 bonds with $1,000 face value which the market has valued at $45,000 below its face value
b.
2,700 bonds with $1,000 face value which the market has valued at $85,000 above its face value
Required:
Prepare
the balance sheet presentation for these two bonds.
Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...
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