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Farmer Company issues $30,000,000 9% 10-year bonds on March 1, 2017 at 97 plus accrued interest. The bonds are dated January 1, 2017 and pay
Farmer Company issues $30,000,000 9% 10-year bonds on March 1, 2017 at 97 plus accrued interest. The bonds are dated January 1, 2017 and pay interest on June 30 and December 31. What is the total cash received on the issue date?
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The total cash received on the issue date for the Farmer Companys bonds can be calculated as follows ...
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
