Question: Compute Bond Proceeds, Amortizing Discount by Interest Method, and interest Expense Boyd Co. produces and sells aviation equipment. On the first day of its scal
Compute Bond Proceeds, Amortizing Discount by Interest Method, and interest Expense Boyd Co. produces and sells aviation equipment. On the first day of its scal yeat Boydsved 180,000,000 of tive-year bonds at a market (effective interest rate of 12, with interest payable seminal Compute th following presenting figures used in your computations a. The amount of cash proceeds from the sale of the bonds. Use the tables of present values in Exhibit and Exhibit 7. Round to the nearest dollar b. The amount of discount to be amartired for the first semiannual interest payment period, using the interest method. Round to the nearest dollar c. The amount of discount to be amortired for the second semiannual interest payment period, using the interest method. Round to the nearest dollar d. The amount of the band interest expense for the first year round to the nearest for
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