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A firm issues 10-year bonds with no stated interest rate (zero coupon bonds) with a maturity value of $10,000,000 and receives $6,000,000 from the issue
A firm issues 10-year bonds with no stated interest rate (zero coupon bonds) with a maturity value of $10,000,000 and receives $6,000,000 from the issue (they are issued at a $4,000,000 discount). Total interest expense incurred over the entire 10 years of the bond issue is:
$10,000,000. |
$4,000,000. |
-0- |
On 12/1/14, Behrend Corp. received $9,000 from a tenant for three months rent for the period December 2014 through February 2015. The year-end 12/31/14 financial statements should include:
| cannot be determined with the information provided.
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