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Business, 17.07.2019 17:30 reinaelane77

Prescott corporation issued ten thousand $1,000 bonds on january 1, 2016. the bonds have a 10-year term and pay interest semiannually. this is the partial bond amortization schedule for the bonds. payment cash effective interest decrease in balance outstanding balance 11,487,747 1 400,000 344,632 55,368 11,432,379 2 400,000 342,971 57,029 11,375,350 3 400,000 341,261 58,739 11,316,611 4 400,000 what is the book value of the bonds as of december 31, 2017? select one: a. $11,375,350. b. $11,432,379. c. $11,316,611. d. $11,256,109.

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