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Present Value of Bonds Payable; Premium Moss Co. issued $200,000 of five-year, 13% bonds, with interest payable semiannually, at a market (effective) interest rate
Present Value of Bonds Payable; Premium Moss Co. issued $200,000 of five-year, 13% bonds, with interest payable semiannually, at a market (effective) interest rate of 11%. Determine the present value of the bonds payable, using the present value tables in Exhibit 5 and Exhibit 7. Round to the nearest dollar.
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Accounting Information Systems The Processes and Controls
Authors: Leslie Turner, Andrea Weickgenannt
2nd edition
9781118473030, 1118162307, 1118473035, 978-1118162309
