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On July 1, Year 1, Livingston Corporation, a wholesaler ofmanufacturing equipment, issued $1,400,000 of 10-year, 9% bonds ata market (effective) interest rate of 11%, receiving
On July 1, Year 1, Livingston Corporation, a wholesaler ofmanufacturing equipment, issued $1,400,000 of 10-year, 9% bonds ata market (effective) interest rate of 11%, receiving cash of$1,232,696. I 2 answers
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