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Business, 25.06.2020 01:01 graciemonceret6213

X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 $ 197,390 12/31/2021 $ 19,000 $ 17,765 $ 1,235 196,155 12/31/2022 19,000 17,654 1,346 194,809 12/31/2023 19,000 17,533 1,467 193,342 12/31/2024 19,000 17,401 1,599 191,743 12/31/2025 19,000 17,257 1,743 190,000 X2 issued the bonds at: Multiple Choice Face amount. A premium. A discount. Cannot be determined from the given information.

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X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each yea...
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