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Sheffield Corp. issues $21400000 of 10-year, 10% bonds on March 1.2020 at 98 plus accrued interest. The bonds are dated January 1, 2020, and
Sheffield Corp. issues $21400000 of 10-year, 10% bonds on March 1.2020 at 98 plus accrued interest. The bonds are dated January 1, 2020, and pay interest on June 30 and December 31. What is the total cash received on the issue date? O $22220333 O $20972000 $21328667 O $20728667
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Accounting Information Systems basic concepts and current issues
Authors: Robert Hurt
3rd edition
130855849X, 978-1308558493, 78025338, 978-0078025334
