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A company issued 5 year, 7% bonds with a par value of $100,000 and received proceeds of $96,909. The bond discount equals 10,091. This is
A company issued 5 year, 7% bonds with a par value of $100,000 and received proceeds of $96,909. The bond discount equals 10,091.
This is false.
My question is why and how do you calculate the bond discount.
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Advanced Accounting
Authors: Susan S. Hamlen
3rd Edition
1618531514, 978-1618531513
