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Business, 27.11.2019 05:31 jakails359

On january 1, year 1 residence company issued bonds with a $50,000 face value. the bonds were issued at face value. they had a 20 year term and a stated rate of interest of 7%. which of the following shows how the payoff of the bond liability will affect residence’s financial statements on december 31, year 20 (the maturity date)?

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