Question
Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount.
Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Do not round intermediate calculations. Round your answers to nearest dollar amount.) a Pear, Inc. issued $219,000 of 10-year, 8 percent bonds at 101. b. Apple, Inc. issued $90,000 of five-year, 12 percent bonds at 99. c Cherry Co. issued $195,000 of five-year, 6 percent bonds at 102 1/4. d. Grape, Inc. issued $32,000 of four-year, 8 percent bonds at 99. Cash Proceeds Discount or Premium
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