Question: FWP Co. issued $100,000, 10-year bonds on January 1, 2011. The stated rate of interest on the bonds is 10% payable annually on 12/31. Provide the requested information for the bonds immediately after issuance (January 1, 2011) under each of the three independent scenarios described below:
|
|
Case 1 Bonds Sold at 100
|
Case 2 Bonds Sold at 104
|
Case 3 Bonds Sold at 98
|
|
Bonds Payable
|
|
|
|
|
Unamortized Premium or Discount
|
|
|
|
|
Bonds Payable, net
|
|
|
|