Cumming Corp. issues a $ 6 , 8 0 0 , 0 0 0 , 5 %
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Question:
Cumming Corp. issues a $ bond on April X At this time, market interest rates are in the range of The bond had a year life from April X and paid interest semiannually on March and September. PV of $ PVA of $ and PVAD of $
Required:
Calculate the proceeds that would be raised on bond issuance. Round time value factor to decimal places. Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.
Prepare an amortization table using the effective interest method of amortization. Complete the first four payments only. Round your answers to the nearest whole dollar amount.
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781260881240
8th Edition
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
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