X2 issued callable bonds on January 1, 2024. The bonds pay interest annually on December 31...
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X2 issued callable bonds on January 1, 2024. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Date 01/01/2024 Cash Paid Interest Expense Decrease in Carrying Carrying Value Value $135,057 12/31/2024 $13,000 $12,155 $845 134,212 12/31/2025 13,000 12,079 921 133,291 12/31/2026 13,000 11,996 1,004 132,287 12/31/2027 13,000 11,906 1,094 131,193 12/31/2028 13,000 11,807 1,193 130,000 X2 issued the bonds at: Multiple Choice Cannot be determined from the given information. face amount. a premium. a discount. X2 issued callable bonds on January 1, 2024. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Date 01/01/2024 Cash Paid Interest Expense Decrease in Carrying Carrying Value Value $135,057 12/31/2024 $13,000 $12,155 $845 134,212 12/31/2025 13,000 12,079 921 133,291 12/31/2026 13,000 11,996 1,004 132,287 12/31/2027 13,000 11,906 1,094 131,193 12/31/2028 13,000 11,807 1,193 130,000 X2 issued the bonds at: Multiple Choice Cannot be determined from the given information. face amount. a premium. a discount.
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