Question
A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually.At date of issuance cash receivedshould be a. $489,903. b. $464,883. c.
A $500,000, ten-year, 7% bond issue was sold to yield 6% interest payable annually.At date of issuance cash receivedshould be
a. $489,903.
b. $464,883.
c. $511,778.
d. $536,798.
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Accounting What The Numbers Mean
Authors: David H. Marshall, Wayne William Mcmanus, Daniel Marshall Viele, Mcmanus Marshall, Daniel F. Viele
10th Edition
1259060705, 978-1259060700
