Rick's Pawn Shop issued 11% bonds, dated January 1, with a face amount of $400,000...
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Accounting
Rick's Pawn Shop issued bonds, dated January with a face amount of $ on January The bonds sold for $ For bonds of similar risk and maturity the market yield was Interest is paid semiannually on June and December Rick's determines interest at the effective rate and elected the option to report these bonds at their fair value. On December the fair value of the bonds was $ with $ of the change due to a change in general interest rates. Rick's statement of comprehensive income will include an unrealized:
Rick's Pawn Shop issued bonds, dated January with a face amount of $ on January The bonds sold
for $ For bonds of similar risk and maturity the market yield was Interest is paid semiannually on June and
December Rick's determines interest at the effective rate and elected the option to report these bonds at their fair
value. On December the fair value of the bonds was $ with $ of the change due to a change in
general interest rates. Rick's statement of comprehensive income will include an unrealized:
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