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1 ABC Company issues bonds that have a $20,000,000 face value. These bonds are issued at 104. The bonds have a 4% stated rate of
1 ABC Company issues bonds that have a $20,000,000 face value. These bonds are issued at 104. The bonds have a 4% stated rate of interest and are 30-year bonds. These bonds pay interest semi-annually, on June 30 and December 31. The bonds are issued on Jan 1, Y1.| I 1) Please record the issuance of these bonds
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Financial Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine, Christopher D. Burnley
8th Canadian Edition
111959457X, 978-1119594574
