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On March 1, 2018, a firm issued $200,000 of 9% bonds. The bonds are dated 1 January 2018. Interest is paid annually on 12/31. A
- On March 1, 2018, a firm issued $200,000 of 9% bonds. The bonds are dated 1 January 2018. Interest is paid annually on 12/31. A total of $210,500 in cash was received, including accrued interest.
- How many premiums or discounts are associated with these bonds?
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If the cash received is equal to the face value of the bonds 200000 there are no premiu...
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
3rd edition
9781337909402, 978-1337788281
