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Neukoellen Company issued six year bonds on January 1. The fave value of the bonds $125000. The stated interest rate on the bonds is 10%.
Neukoellen Company issued six year bonds on January 1. The fave value of the bonds $125000. The stated interest rate on the bonds is 10%. The market rate of interest at the time of issuance was 8%. The bonds pay interest semi annually. Calculate the issuance of the bonds.
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Financial Accounting International Financial Reporting Standards Global Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
11th Edition
9781292211145
