Joiner company issued bonds with a 100000 face value on

Reference no: EM13582887

Joiner Company issued bonds with a $100,000 face value on January 1, 2013. The five-year term bonds were issued at 97 and had a 7 ½ % stated rate of interest that is payable in cash on December 31st of each year. Joiner amortizes the bond discount using the straight-line method. Based on this information:

The total amount of liabilities shown on Joiner's December 31, 2014 balance sheet would be?

Reference no: EM13582887

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