P14-10 - Interest Rate 10% Interest Expense 70,000...

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A) Selling Price of Bonds $4,120,000.00 Add: Accrued Interest $61,200.00 Cash from issuance $4,181,200.00 Less: Bond costs $27,000.00 Net cash received $4,154,200.00 B) Carrying amount 700,000 $700,000.00
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Unformatted text preview: Interest Rate 10% Interest Expense 70,000 $70,000.00 C) 2011 400000 2012 350000 2013 200000 2014 200000 2015 350000 2016 300000 D) None are classified as debenture bonds....
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