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On January 1, 2021, Crane Company issued its 12% bonds in the face amount of $8040000, which mature on January 1, 2031.
Posted: Sun Jul 03, 2022 3:57 pm
by answerhappygod
- On January 1 2021 Crane Company Issued Its 12 Bonds In The Face Amount Of 8040000 Which Mature On January 1 2031 1 (38.56 KiB) Viewed 15 times
On January 1, 2021, Crane
Company issued its 12% bonds in the face amount of $8040000, which mature on January 1, 2031. The bonds were issued for $9028023 to yield 10%, resulting in bond premium of $988023. Crane uses the effective-interest method of amortizing bond premium. Interest is payable annually on December 31. At December 31, 2021, Crane's adjusted unamortized bond premium should be (Round intermediate calculations to O decimal places, e.g. 9,020,890.) $731625. $988023. $926025. O $869460. Save for Later Attempts: 0 of 1 used Submit Answer