Question
On September 1, 2024, Cairn Mor Creative issued $430,000 of 20 year 10% bonds. The bonds pay interest semiannually on January 1 and July 1
On September 1, 2024, Cairn Mor Creative issued $430,000 of 20 year 10% bonds. The bonds pay interest semiannually on January 1 and July 1 of each year. The bonds were sold at the face amount. How much cash did Cairn Mor Creative receive upon sale of the bonds?
A. $437,167
B. $451,500
C. $430,000
D. $473,000
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Information Systems Control And Audit
Authors: Et Al. Hyo-Jeong Kim, Michael Mannino, Compiled By Koros Press Editorial Board
1st Edition
1781639426, 978-1781639429
