Loose Leaf for Financial Accounting: Information for Decisions
Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter B, Problem 12E
Summary Introduction

Concept Introduction:

Cash proceeds from bonds can be calculated using the discounting method. Under this method the future cash flows from bonds are discounted using the market interest rate and the cash proceeds are calculated as present value.

To calculate: total cash proceeds from issuance of bonds.

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