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Question 6 Not yet answered Marked out of 2.00 On January 1 2018 Oman Cables Industry (SAO) issued 12% bonds dated January 1 2018 with
Question 6 Not yet answered Marked out of 2.00 On January 1 2018 Oman Cables Industry (SAO) issued 12% bonds dated January 1 2018 with a principal amount of OR20 million The bands mature in 2027 (10 years) For bonds of similar risk and maturity, the market yiek is 10%. Interest is paid semiannually on June 30 and December 31 Note: To determine the price of bonds, you should use tables (2) present value of $1 and (4) present value of an ordinary annuity of$1 to find the appropriate PV factors to calculate the interest and principal The appropriate journal entry to record the bond issuance by Oman Cables on January 1, 2018.is: Flag question 22,492 452 Select one a Cash 20,000,000 Discount on bond payable 2 492 452 Bonds payable ob Cash 22.040 184 Premium on bond payable Bonds payable Oc Cash 22 492 452 Discount on bond payable Bonds payable Od Cash 22.402,452 Premium an tiond payable Bonds payable 2040 184 20.000.000 2.492 452 20 000 000 2.492 452 20,000,000
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