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On April 1, year 1, Cricket Corporation issues $66 million of 10%, 14-year bonds payable at par. Interest on the bonds is payable semiannually each
On April 1, year 1, Cricket Corporation issues $66 million of 10%, 14-year bonds payable at par. Interest on the bonds is payable semiannually each April 1 and October 1. The amount of cash paid to bondholders for interest during Year 1, is: Multiple Choice $6,600,000. $1,650,000. $3,300,000.
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