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QUESTION 5 American Manufacturing issued on January 1, 2011, $140,000 of 3%, 12 year bonds to raise funds to buy some special equipment. The bonds
QUESTION 5 American Manufacturing issued on January 1, 2011, $140,000 of 3%, 12 year bonds to raise funds to buy some special equipment. The bonds were sold to yield 4% return compounded semi-annually. The company uses the straight line method to amortize discounts and premiums. What is the issuance price for this bond? O $140,000 $87,041 O $126,760 $39,719 QUESTION 6 American Manufacturing issued on January 1, 2011, $140,000 of 3%, 12 year bonds to raise funds to buy some special equipment. The bonds were sold to yield 4% return compounded semi-annually. The company uses the straight line method to amortize discounts and premiums. The Bond Contract is being sold at a Premium Discount
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