On March 1, 2010, Price Incorporated issued 10- year bonds with a face value of $ 600,000

Question:

On March 1, 2010, Price Incorporated issued 10- year bonds with a of $ 600,000 and a face interest rate of 8 percent that was paid semiannually on March 1 and September 1. The bonds were sold to yield a market rate of 6 percent. What is the cash inflow shown in the financing section of the statement of cash flows for the year ended December 31, 2010?
Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...