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Nova Corporation issued a discount bond to finance the acquisition of equipment. The proceeds received by Nova on the issue date were equal to:
Nova Corporation issued a discount bond to finance the acquisition of equipment. The proceeds received by Nova on the issue date were equal to: The face amount of the bond minus the present value of the coupon payments discounted at the coupon interest rate. the present value of the face amount plus the present value of the coupon payments discounted at the effective rate of interest. the face amount of the bond plus the present value of the coupon payments discounted at the coupon interest rate. O the present value of the face amount minus the present value of the coupon payments discounted at the effective rate of interest. Accounting is Fun Corporation provided the following information about it's taxes. Current Payable Deferred Total $8,500 $7,100 $15,600 What is the amount of tax expense shown on the income statement? $8,500 $7,100 $15,600 2.5 pts
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