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

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 4PB: Irving Inc. sold bonds with a $50,000, 10% interest, and 10-year term at $52,000. What is the total...
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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
Transcribed Image Text: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
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