Pace Company issued 97 bonds with a face value of $200,000. As a result of the issue:
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Question:
- Pace Company issued 97 bonds with a face value of $200,000. As a result of the issue:
- Multiple Choice
- Assets and liabilities would both increase by $200.000
- Assets and liabilities would both increase by $194,000
- Assets would increase by $194,000 and liabilities would increase by $200.000
- Assets would increase by $200.000, and liabilities would increase by S194,000
Related Book For
Intermediate Accounting Volume 2
ISBN: 9781119497042
12th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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