(Answered) Question - beaver inc has issued two types of debt on

Accounting

Question - Beaver Inc. has issued two types of debt on January 1, 2012, the start of the company's fiscal year.

1. $20 Million par of 10 year, zero-coupon bonds at a price to yield 12% per year.

2. $10 million, 10-year, 10% unsecured bonds, interest payable semi-annually to yield 12%.

Prepare Bond Amortization Schedules for both bonds using Straight-line and Effective Interest Method.

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