On January 1, 2017, Nevada Corporation issued 8% bonds with a face value of $10,000,000. The bonds sold for $11,487,747.
On January 1, 2017, Nevada Corporation issued 8% bonds with a face value of $10,000,000. The bonds sold for $11,487,747. They mature in ten years and pay interest semiannually on June 30th and December 31st . The market rate of interest at the time the bonds were issued was 6%. Nevada uses the effective interest method for amortizing bond discounts and premiums. Q) Total interest […]