1 3 points On January 1, Year 1, Booker Corporation issued a...
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On January Year Booker Corporation issued a $ face value bond that sold for The bond had a fiveyear term and paid annual interest. The company used the proceeds from the bond issue to buy land. The land was leased for $ of cash revenue per year and was sold at the end of the th year for $ cash. The straightline method of amortization is used. The carrying value of the bond liability on January Year would be
$
$
$
$
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