Wildhorse Enterprises issued 8%, 8-year, $3,250,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2025, and are issued on that date. The discount rate of interest for such bonds on April 1, 2025, is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to O decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $

Wildhorse Enterprises issued 8%, 8-year, $3,250,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2025, and are issued on that date. The discount rate of interest for such bonds on April 1, 2025, is 10%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to O decimal places, e.g. 125.) Cash proceeds from issuance of the bonds $

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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