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On January 1, 2020, Pear Company issued 10% bonds with a face amount of $240,000. The bonds were priced at $210,000 to y
Posted: Fri May 20, 2022 5:39 am
by answerhappygod
- On January 1 2020 Pear Company Issued 10 Bonds With A Face Amount Of 240 000 The Bonds Were Priced At 210 000 To Y 1 (135.93 KiB) Viewed 59 times
On January 1, 2020, Pear
Company issued 10% bonds with a face amount of $240,000. The bonds were priced at $210,000 to yield 12%. Interest is paid semiannually on June 30 and December 31. Pear
Company's fiscal year ends September 30. Instructions (a) What amount(s) related to the bonds would Pear
Company report in its balance sheet at September 30, 2020? (b) What amount(s) related to the bonds would Pear
Company report in its income
statement for the year ended September 30, 2020? © What amount(s) related to the bonds would Pear
Company report in its
statement of cash flows for the year ended September 30, 2020? In which section() should the amount(s) appear?