Question
When authorizing bonds to be issued, the board of directors does not specify the a. contractual interest rate. b. total number of bonds authorized to
When authorizing bonds to be issued, the board of directors does not specify the
| a. | contractual interest rate.
| |
| b. | total number of bonds authorized to be sold.
| |
| c. | selling price.
| |
| d. | total face value of the bonds.
|
-
A $1600 face value bond with a quoted price of 98 is selling for
a. $1600.
b. $98.
c. $1568.
d. $1502.
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Financial Accounting For Decision Makers
Authors: Mark DeFond
2nd Edition
1618533142, 9781618533142
