Business, 08.10.2019 19:20 asiababbie33

On january 1, year 1 residence company issued bonds with a $50,000 face value. the bonds were issued at 96 offering a 4% discount. they had a 20 year term, a stated rate of interest of 7%, and an effective rate of interest of 7.389%. assuming residence uses the effective interest rate method, the carrying value of the bond liability on january 1, year 1 is (round any necessary computations to the nearest whole dollar)(a) $3,499(b) $3,500(c) $3,547(d) $3,600

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On january 1, year 1 residence company issued bonds with a $50,000 face value. the bonds were issued...

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