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    CAD21 Posts: 1, Reputation: 1
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    #1

    Feb 11, 2014, 04:02 PM
    Bond computations: Straight-line amortization
    Southlake corporation issued $900,000 f 8% bonds on March 1, 20X1. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow.
    Case A - bonds issue at 100
    Case B - bonds issue at 96
    Case C - bonds issued at 105
    Cash flow on the issuance date
    Total cash outcome over the life of the bond issue
    Interest expense for the year ended December 31, 20X1
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    ma0641 Posts: 15,675, Reputation: 1012
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    #2

    Feb 11, 2014, 06:29 PM
    If you look at similar questions you will find someone else asked the same homework under "Northern Corporation" except it is $800,000 @7%.
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Bond computations: Straight-line amortization [ 0 Answers ]

Northern Corporation issued $800,000 of 7% bonds on March 1, 20X8. The bonds pay interest on March 1 and September 1 and mature in 10 years. Assume the independent cases that follow. • Case A—The bonds are issued at 100. • Case B—The bonds are issued at 96. • Case C—The...

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