A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by : A. $7,490. B. $7,140. C. $6,510. D. $7,000.
A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by : A. $7,490. B. $7,140. C. $6,510. D. $7,000.
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 5MC: On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000...
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A $7,000; 9% bond is sold at 93. When the bond is issuede the Cash account will be incerased by :
$7,490.
$7,140.
$6,510.
$7,000.
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