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On July 1, Aloha Company exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have
Posted: Sun Jul 03, 2022 3:57 pm
by answerhappygod
- On July 1 Aloha Company Exercises A Call Option That Requires Aloha To Pay 408 000 For Its Outstanding Bonds That Have 1 (17.99 KiB) Viewed 15 times
On July 1, Aloha
Company exercises a call option that requires Aloha to pay $408,000 for its outstanding bonds that have a carrying value of $416,000 and a par value of $400,000. The
company exercises the call option after the semiannual interest is paid the day before on June 30. Record the entry to retire the bonds. View transaction list 1 Record the retirement of bonds before maturity.