Exhibit 14-4
A $900,000, ten-year, 4% bond issue was sold to yield 5% interest payable annually. Actuarial information for 10 periods is as follows:
-Refer to Exhibit 14-4. The discount or premium at the date of bond issuance would be

Question

Exhibit 14-4
A $900,000, ten-year, 4% bond issue was sold to yield 5% interest payable annually. Actuarial information for 10 periods is as follows: 
-Refer to Exhibit 14-4. The discount or premium at the date of bond issuance would be

Quizplus · Accepted Answer

The discount at the date of bond issuance is $69,498, which is the difference between the face value of the bond and the price at which it was issued.

Exhibit 14-4 A $900,000, Ten-Year, 4% Bond Issue Was Sold to Yield