Question
Spiller Corp. plans to issue 8%, 9-year, $460,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are
| Spiller Corp. plans to issue 8%, 9-year, $460,000 par value bonds payable that pay interest semiannually on June 30 and December 31. The bonds are dated December 31, 2015, and are issued on that date. (PV of $1,FV of $1,PVA of $1, andFVA of $1)(Use appropriate factor(s) from the tables provided. Round your "Table value" to 4 decimal places and final answers to nearest whole dollar.) |
| If the market rate of interest for the bonds is 6% on the date of issue, what will be the total cash proceeds from the bond issue? |
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
