Myriad solutions, inc., issued 10% bonds, dated january 1, with a
E 14–5: Bonds; issuance; effective interest; financial statement effects LO14–2- Myriad Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $320 million on January 1, 2013 for $283,294,720. The bonds mature on December 31, 2022 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest is paid semiannually on June 30 and December 31 Required: […]