Garland Company received proceeds of $253800 on 10-year, 6% bonds issued on January 1, 2018. The bonds
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Garland Company received proceeds of $253800 on 10-year, 6% bonds issued on January 1, 2018. The bonds had a face value of $270000, pay interest annually on January 1, and have a call price of 101. Garland uses the straight-line method of amortization. What is the carrying value of the bonds on January 1, 2020?
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Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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