Use the following information to answer the next 6 questions:
Tony Hawk's Adventure (THA)issued callable bonds on January 1,2015.THA's accountant has projected the following amortization schedule from issuance until maturity:

-The THA bonds have a life of:
A)2 years.
B)3 years.
C)6 years.
D)Cannot be determined from the given information.

Question

Use the following information to answer the next 6 questions:
Tony Hawk's Adventure (THA)issued callable bonds on January 1,2015.THA's accountant has projected the following amortization schedule from issuance until maturity:
 
-The THA bonds have a life of:
A)2 years. 
B)3 years. 
C)6 years. 
D)Cannot be determined from the given information.

Quizplus · Accepted Answer

Based on the provided amortization schedule, the final payment is made on December 31, 2017. Therefore, the bonds have a life of 3 years.

Use the Following Information to Answer the Next 6 Questions