Don Benton Company issues $10,000,000 of 10-year, 8% bonds on April 1, 2025 at 95 plus...
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Don Benton Company issues $10,000,000 of 10-year, 8% bonds on April 1, 2025 at 95 plus accrued interest. The bonds are dated January 1, 2025, and pay interest on June 30 and December 31. What is the total cash received on the issue date? O a $9.700.000 Ob $10,200,000 O $9,850,000 Od 19.766667 O $10,000,000 Don Benton Company issues $10,000,000 of 10-year, 8% bonds on April 1, 2025 at 95 plus accrued interest. The bonds are dated January 1, 2025, and pay interest on June 30 and December 31. What is the total cash received on the issue date? O a $9.700.000 Ob $10,200,000 O $9,850,000 Od 19.766667 O $10,000,000
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Answer Option a 9700000 The amount received on the issue date is ... View the full answer
Related Book For
Accounting Volume 2
ISBN: 978-0176509743
2nd Canadian edition
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
Posted Date:
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