A company issues 20000000 78 20-year bonds to yield 8 on

Reference no: EM13597382

A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2010. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What will the carrying value of the bonds on December 31, 2010 balance sheet using effective-interest amortization? using straight line amortization?

Reference no: EM13597382

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