Question
1.(6 pts) A company issued 6% 10-year bonds with a face amount of $400,000. The market yloid for bonds of similar risk and maturity
1.(6 pts) A company issued 6% 10-year bonds with a face amount of $400,000. The market yloid for bonds of similar risk and maturity is 6% Interest le paid anrtually. What is the debit to cash for the bond proceeds? Here are the PV and PVA factors PV-6%, 10 periods 55839 PVA6% 10 periods 7.36009 PV 1-5% 10 periode 61391 PVA 1-6%, 10 periods 7.72173 What is the debit to cash for the bond proceeds?
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
