A firm issued a 16%, $1,000 bond issued and dated Jan.1/2000 maturing Jan.1, 2011 paying interes each June 30 and December 31, and yielding 14%.One bond is used for simplicity.
Required:
(a)Determine the price of the bond
(b)All Year 2000 entries and balance sheet presentations for the bond after each interest date in Yea
A.Show the interest method and straight-line methods in parallel fashion.

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The Answer of A firm issued a 16%, $1,000 bond issued and dated Jan.1/2000 maturing Jan.1, 2011 paying interes each June 30 and December 31, and yielding 14%.One bond is used for simplicity.
Required:
(a)Determine the price of the bond
(b)All Year 2000 entries and balance sheet presentations for the bond after each interest date in Yea
A.Show the interest method and straight-line methods in parallel fashion.

A Firm Issued a 16%, $1,000 Bond Issued and Dated