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On January 1, 2015, Rex Co. issued 10-year bonds with a face value of $5,000,000 and a stated interest rate of 12%, payable semiannually on
On January 1, 2015, Rex Co. issued 10-year bonds with a face value of $5,000,000 and a stated interest rate of 12%, payable semiannually on June 30 and December 31. The bonds were sold to yield 10%.
- Calculate the issue price of the bond in dollars
- Calculate the issue price of the bonds as a percentage
- Make the journal entry to record the issuance of the bond on January 1, 2015
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Institutional Factors Affecting Internal Audit Benefits Of Controlling Institutional Factors That Affect Internal Audit
Authors: Brian Sempebwa, David B.
1st Edition
3659490911, 978-3659490910
