Homework Answers
calculate interest revenue
Interest revenue = Purchase cost*effective rate of interest
= 1170375*11%
Interest revenue = 128742
So answer is d) $128742
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Multiple Choice Question 70 Carla Vista Company purchased $1250000 of 10% bonds of Scott Company on...
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Carla Vista Co. sold $3,290,000, 10%, 10-year bonds on January
1, 2022. The bonds were dated January 1, 2022, and pay interest on
January 1. The company uses straight-line amortization on bond
premiums and discounts.
CARLA VISTA CO. Balance Sheet (Partial) December 31, 2022 Long-term Liabilities Bonds Payable 3290000 Add premium on Bonds Payable Show the long-term liabilities balance sheet presentation for issuance of the bonds sold at 96 at December 31, 20 CARLA VISTA CO. Balance Sheet (Partial) December...
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