The total assets and total liabilities of Paul's Pools, a corporation, at the beginning and at the end of the current fiscal year are as follows:
Definitions:
Unamortized Discount
The portion of a bond discount that has not yet been expensed to interest expense over the life of the bond.
Redeemed
In finance, it refers to the repayment or buyback of a debt or security, such as a bond or a share, usually at the maturity date or beforehand.
Semiannual Interest
Interest that is calculated and paid twice a year on an investment or loan.
Bond Discount
The financial difference that arises when a bond is sold for an amount below its official face value.
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