Auerbach inc issued 4 bonds on october 1 2016 the bonds, Ask an Expert

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Auerbach Inc. issued 4% bonds on October 1, 2016. The bonds have a maturity date of September 30, 2026 and a face value of $300 million. The bonds pay interest each March 31 and September 30, beginning March 31, 2017. The effective interest rate established by the market was 6%. Assuming that Auerbach issued the bonds for $255,369,000, what would the company report for its net bond liability balance at December 31, 2016, rounded up to the nearest thousand? $252,369,000. $256,369,000. $256,200,000. $257,030,070.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92018593

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