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What is the condition for a bond to be issued at face value?
How does the concept of present value relate to bond pricing?
XYZ Corporation issues \$200,000 of 6% bonds payable with interest payable semi-annually. What is the semi-annual interest payment, and what is the journal entry?
What is the effect of principal repayment on a company's financial statements?
On December 31, 2023, XYZ Company accrues interest payable of \$3,000 for its bonds. What is the journal entry on December 31, and what is the entry on January 1, 2024, when the interest is paid?
How do interest payments and principal repayment affect the financial statements of a company?
On December 31, 2022, ABC Company accrues interest payable of \$4,500 for its bonds. What is the journal entry on December 31, and what is the entry on January 1, 2023, when the interest is paid?
What is another term used for face value bonds?
Why is the time value of money important in bond pricing?
If the stated rate is greater than the market rate, how is the bond sold?