Business, 18.12.2019 22:31, jackieanguiano4758

Animal world issues ten-year bonds at their face amount of $100 million with the option to call the bonds at $102 million. two years later, interest rates have decreased and animal world decides to call the bonds. the company estimates that over the next eight years, they will save $16 million of cash interest. the journal entry to retire the bonds will include a:

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Animal world issues ten-year bonds at their face amount of $100 million with the option to call the...