Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
Gen Combo Ll Financial Accounting: Information For Decisions; Connect Ac
9th Edition
ISBN: 9781260260779
Author: Wild
Publisher: MCG
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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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