Question
On January 1 of 2015, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $2,900,000. The bonds pay interest semi-annually. The market
On January 1 of 2015, Parson Freight Company issues 9.0%, 10-year bonds with a par value of $2,900,000. The bonds pay interest semi-annually. The market rate of interest is 10.0% and the bond selling price was $2,702,942. The bond issuance should be recorded as:
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Foster George, Srikand M. Datar, Maureen P. Gowing
5th Canadian Edition
0135004934, 978-0135004937
