Question

Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount:
a. Few, Inc., issued $400,000 of 8-year, 8 percent bonds at 101.
b. Files Co. issued $250,000 of 4-year, 6 percent bonds at 98.
c. Fry Co. issued $300,000 of 10-year, 7 percent bonds at 102 ¼.
d. Ford, Inc., issued $200,000 of 5-year, 6 percent bonds at 97 ½.



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  • CreatedOctober 26, 2013
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