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Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 Required Compute the cash proceeds from bond issues under the following terms. For each
Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Catch Proceeds Discount or Promlum Pear, Inc. issued $195,000 of 10-year, 8 percent bonds at 102. b Apple, Inc. issued $104,000 of five-year, 12 percent bonds at 98. Cherry Co.Issued $101,000 of five year, 6 percent bonds at 101 1/4 d. Grape, Inc. issued $30,000 of four year, 8 percent bonds at 99 C
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