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Required Compute the cash proceeds from bond issues under the following terms. For each gase, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a. Pear, Inc. issued $171,000 of 10-year, 8 percent bonds at 102. b Apple, Inc. issued $78,000 of five-year, 12 percent bonds at 99. Cherry Co. issued $135,000 of five-year, 6 percent bonds at 103 1/4. C. d. Grape, Inc. issued $48,000 of four-year, 8 percent bonds at 97.

Required Compute the cash proceeds from bond issues under the following terms. For each gase, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a. Pear, Inc. issued $171,000 of 10-year, 8 percent bonds at 102. b Apple, Inc. issued $78,000 of five-year, 12 percent bonds at 99. Cherry Co. issued $135,000 of five-year, 6 percent bonds at 103 1/4. C. d. Grape, Inc. issued $48,000 of four-year, 8 percent bonds at 97.

FINANCIAL ACCOUNTING
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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Required Compute the cash proceeds from bond issues under the following terms. For each gase, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a. Pear, Inc. issued $171,000 of 10-year, 8 percent bonds at 102. b Apple, Inc. issued $78,000 of five-year, 12 percent bonds at 99. C. Cherry Co. issued $135,000 of five-year, 6 percent bonds at 103 1/4. d. Grape, Inc. issued $48,000 of four-year, 8 percent bonds at 97.
Transcribed Image Text:Required Compute the cash proceeds from bond issues under the following terms. For each gase, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.) Cash Proceeds Discount or Premium a. Pear, Inc. issued $171,000 of 10-year, 8 percent bonds at 102. b Apple, Inc. issued $78,000 of five-year, 12 percent bonds at 99. C. Cherry Co. issued $135,000 of five-year, 6 percent bonds at 103 1/4. d. Grape, Inc. issued $48,000 of four-year, 8 percent bonds at 97.
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