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Use the following information for items 24, 25 and 26. ASU Company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020.
Use the following information for items 24, 25 and 26. ASU Company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2020. The proceeds from the bonds are $9,802,072. Interest is paid on July 1 and January 1. Where these bonds issued at a premium or discount and the dollar amount? Premium--$10,000,000. Premium-$10.197,928. Discount $10,000,000. Discount $9.802,072
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Financial Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th edition
978-1118344262, 111834426X, 1118162285, 978-1118562208, 1118562208, 978-1118162286
