Question
on January 1st of 2015, Parson Freight company issues 7%, 10 year bonds with a par value of 2,000,000. The bonds pay interest semi-annually. The
on January 1st of 2015, Parson Freight company issues 7%, 10 year bonds with a par value of 2,000,000. The bonds pay interest semi-annually. The market rate of interest is 8% and the bond selling price was $1,864,097. The bond issuance should be recorded as:
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Sound Investing, Chapter 15 - Liability Tricks
Authors: Kate Mooney
2nd Edition
0071719377, 9780071719377
