The 10% bonds payable of Oriole Company had a carrying amount of $4180000 on December 31, 2020. The bonds, which had a f

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The 10% bonds payable of Oriole Company had a carrying amount of $4180000 on December 31, 2020. The bonds, which had a f

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The 10 Bonds Payable Of Oriole Company Had A Carrying Amount Of 4180000 On December 31 2020 The Bonds Which Had A F 1
The 10 Bonds Payable Of Oriole Company Had A Carrying Amount Of 4180000 On December 31 2020 The Bonds Which Had A F 1 (19.44 KiB) Viewed 39 times
The 10% bonds payable of Oriole Company had a carrying amount of $4180000 on December 31, 2020. The bonds, which had a face value of $4020000, were issued at a premium to yield 8%. Oriole uses the effective-interest method of amortization. Interest is paid on June 30 and December 31. On June 30, 2021, several years before their maturity, Oriole retired the bonds at 104 plus accrued interest. The loss on retirement, ignoring taxes, is $160800. $0. $52200. $34600.
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