Herman Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2009. The bonds had a face value of $200,

Question

2 years ago

9

Herman Company received proceeds of $188,500 on 10-year, 8% bonds issued on January 1, 2009. The bonds had a face value of $200,

000, pay interest semi-annually on June 30 and December 31, and have a call price of 101. Herman uses the straight-line method of amortization.
What is the carrying value of the bonds on January 1, 2011?
a) $200,000
b) $190,800
c) $197,700
d) $189,650

Business

2 answers:

Tanzania [10] · Answer 1 · 2022-09-24T11:05:42+03:00

Tanzania [10]2 years ago

8 0

The answer is: b hope you get it right

zavuch27 [327] · Answer 2 · 2022-09-24T12:17:13+03:00

zavuch27 [327]2 years ago

8 0

The answer would be b