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On July 1, 2017, Advocate Company exercises an $4,400 call option (plus par value) on its outstanding bonds that have a
Posted: Fri Jul 01, 2022 8:50 am
by answerhappygod
- On July 1 2017 Advocate Company Exercises An 4 400 Call Option Plus Par Value On Its Outstanding Bonds That Have A 1 (16.48 KiB) Viewed 70 times
On July 1, 2017, Advocate
Company exercises an $4,400 call option (plus par value) on its outstanding bonds that have a carrying value of $228,200 and par value of $220,000. The
company exercises the call option after the semiannual interest is paid on June 30, 2017. Record the entry to retire the bonds. View transaction list