Question: Black Company issued 300 000 of 10 5 year bonds at 108 Inter

Black Company issued $300,000 of 10%, 5-year bonds at 108. Interest is paid annually, and the effective interest method is used for amortization. Assume that the market rate for similar investments is 8%. The bonds are issued on the date of the bonds. What amount was received for the bonds?


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  • CreatedJuly 26, 2013
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