I need answer of this question solution general accounting If $482,000 of 9% bonds are issued at 96, the amount ofcash received from the sale is:a. $525,380b. $462,720c. $438,620d. $482,000

Step 1: Define Bond ValueThe price of a bond depends on the future cash flows it offers investors.…

Answered: If $482,000 of 9% bonds are issued at…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

If $1,000,000 of 10% bonds are issued at 98, the amount of cash received from the sale is: O a. $987,500. Ob. $980,000. c. $1,000,000. Od. $975,000.
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If $457,000 of 8% bonds are issued at 94, what is the amount of cash received from the sale? Select the correct answer. A. $420,440 B. $457,000 C. $429,580 D. $493,560
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Bonds Payable has a balance of $908,000 and Premium on Bonds Payable has a balance of $9,988. If the issuing corporation redeems the bonds at 102, what is the amount of gain or loss on redemption? a.$8,172 gain b.$9,988 loss c.$9,988 gain d.$8,172 loss

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If $482,000 of 9% bonds are issued at 96, the amount of cash received from the sale is: a. $525,380 b. $462,720 c. $438,620 d. $482,000