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37. - Company KK issued 5,000 bonds with a face value of $1,000 each. - The bonds carry an annual
37.
- Company KK issued 5,000 bonds with a face value of $1,000 each.
- The bonds carry an annual interest rate of 6% and mature in 10 years.
Calculate the total amount of cash received from issuing the bonds. Explain the impact of bonds on long-term financing.
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
25th edition
978-1285069609, 1285069609, 978-1133607601
