Question
Ellis issues 8.5%, five-year bonds dated January 1, 2013, with a $540,000 par value. The bonds pay interest on June 30 and December 31 and
| Ellis issues 8.5%, five-year bonds dated January 1, 2013, with a $540,000 par value. The bonds pay interest on June 30 and December 31 and are issued at a price of $597,579. The annual market rate is 6% on the issue date. |
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Auditing And Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th Global Edition
1292147989, 978-1292147987
