Question
On April 1, 2013, Bond Corporation issued 8% debentures dated January 1, 2013. The debentures had a face value of $3,000,000 and interest was payable
On April 1, 2013, Bond Corporation issued 8% debentures dated January 1, 2013. The debentures had a face value of $3,000,000 and interest was payable on January 1 and July 1. The debentures were sold at par plus accrued interest. To record this event on April 1, 2013, Everly should debit cash for
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| a. | $3,080,000. |
|
| b. | $3,060,000. |
|
| c. | $3,000,000. |
|
| d. | $2,920,000.
|
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The Iso 9000 Auditors Companion
Authors: Kent A. Keeney
1st Edition
0873893247, 978-0873893244
