Question: On January 1 , 2 0 2 4 , Katz Inc. issues a 1 0 0 $ 1 0 0 0 ( $ 1 0

On January 1,2024, Katz Inc. issues a 100$1000($100,000 total face value),5 year, 6% coupon bonds at 105. The interest is paid each year on December 31. At issuance on Jan 1st what is the carrying amount of the Bond on Katz's balance sheet?
On January 1 , 2 0 2 4 , Katz Inc. issues a 1 0 0

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