Carlo toll bridge corporation ltdan infrastructure company

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Reference no: EM13588613

Carlo Toll Bridge Corporation Ltd.(An Infrastructure company) has outstanding 5 million 8% Debentures of $100 each issued in 1998 due for redemption in 1998 due for redemption on March 31,2004. How much amount of Debenture Redemption Reserve should be created before the redemption of debentures begin? Record journal Entry.

Reference no: EM13588613

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