Question
Crane Company issued 12%, 6-year, $2,668,700 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1,
Crane Company issued 12%, 6-year, $2,668,700 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2017, and are issued on that date. The discount rate of interest for such bonds on April 1, 2017, is What cash proceeds did Crane receive from issuance of the bonds? Cash proceeds from issuance of the bonds?
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
6th edition
133852105, 978-0133852103
