On January 1. Year1. Residence Company issued bonds with a $60 000 face value The...
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Accounting
On January 1. Year1. Residence Company issued bonds with a $60 000 face value The bonds were issued at104 resulting in a 4% premium. They had a 20 year tern and a stated rite of interest of 7% Based on thisinformation, the carrying value of the bond liability on January 1, Year 6 is?
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