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Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or
Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. Note: Round your answers to nearest dollar amount. a. Pear, Incorporated issued $222,000 of 10-year, 8 percent bonds at 101. b. Apple, Incorporated issued $76,000 of five-year, 12 percent bonds at 98. c. Cherry Company issued $151,000 of five-year, 6 percent bonds at 101 1/4 d. Grape, Incorporated issued $28,000 of four-year, 8 percent bonds at 98. Cash Proceeds Discount or Premium
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