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On January 1, Year 1, Fox Co., Inc., issues $100,000 par value, 5% bonds maturing in 10 years to yield 4% per year, compounded annually.
- On January 1, Year 1, Fox Co., Inc., issues $100,000 par value, 5% bonds maturing in 10 years to yield 4% per year, compounded annually. Compute (a) the initial proceeds from the issuance and (b) the carrying value of the bond payable at the end of Year 2.
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Principles of Auditing An Introduction to International Standards on Auditing
Authors: Rick Hayes, Philip Wallage, Hans Gortemaker
3rd edition
273768174, 978-0273768173
