Solution-Calculate cash received at issuance

Calculate cash received at issuance

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Reference no: EM13496941

On January 1, 2009, Clintwood Corporation issued a $1,000, ten-year, 10% bond payable (interest payable each December 31). For the three assumptions below, provide the following information assuming the accounting year ends December 31, and straight-line amortization is used:

Assumption A - Bonds issued at 100
Assumption B - Bonds issued at 96
Assumption C - Bonds issued at 104

	@100	@96	@104
Cash Received at Issuance
Interest Expense for 2009
Net bond carrying value on December 31, 2010

Reference no: EM13496941

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Calculate cash received at issuance

Reference no: EM13496941

Reference no: EM13496941

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