How To Do Bonds In Accounting?
On January 1, 2008, four-year bonds with a face value of $100,000 were issued. The interest rate on the coupon is 8%. Calculate the bond’s issue price assuming that the market price is 8%. – This is the total of the present values of the principal and interest: 73,503 + 26,497 = 100,000. Calculate the […]
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