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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.) Cash Proceeds Discount or Premium a. Pear, Inc. issued $175,000 of 10-year, 8 percent bonds at 101 b. Apple, Inc. issued $94,000 of five-year, 12 percent bonds at 97 c. | Cherry Co. issued $122,000 of five-year, 6 percent bonds at 102 114. d. Grape, Inc. issued $32,000 of four-year, 8 percent bonds at 97.00
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