Question
On September 30 , 2011, Ace Electronics issued$100,000 of 10minus year, 8% bonds at 100. The bonds pay interest semiannually on September 30 and March
On September 30, 2011, Ace Electronics issued$100,000 of 10minus
year, 8% bonds at 100. The bonds pay interest semiannually on September 30 and March 31. On its statement of cash flows for the year ended December 31, 2011, Ace will show Cash paid for interest of________.
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Engineering Economic Analysis
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
9th Edition
978-0195168075, 9780195168075
