Question
On January 1 of 2015, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $4,300,000. The bonds pay interest semi-annually. The market
On January 1 of 2015, Parson Freight Company issues 8.5%, 10-year bonds with a par value of $4,300,000. The bonds pay interest semi-annually. The market rate of interest is 9.5% and the bond selling price was $4,007,812. The bond issuance should be recorded as:
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Principles Of Food Beverage And Labor Cost Controls
Authors: Paul R. Dittmer, J. Desmond Keefe III
9th Edition
0471783471, 978-0471783473
