If the market rate is 7% when 6% 10 year bonds are issued, the bonds will...
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If the market rate is 7% when 6% 10 year bonds are issued, the bonds will be issued at: O par O a discount a premium tax deductible. The journal entry to record the issuance of bonds at par: O Dr. Cash; Cr. Bond Premium, and Bond Payable Dr. Bond Payable; Cr, Cash O Dr. Cash; Cr, Bond Payable O Dr, Cash and Bond Discount; Cr. Bond Payable If the market rate is 7% when 6% 10 year bonds are issued, the bonds will be issued at: O par O a discount a premium tax deductible. The journal entry to record the issuance of bonds at par: O Dr. Cash; Cr. Bond Premium, and Bond Payable Dr. Bond Payable; Cr, Cash O Dr. Cash; Cr, Bond Payable O Dr, Cash and Bond Discount; Cr. Bond Payable
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1 Bonds will be Issued at Discount as Coupon rate 6 is less t... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date:
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