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  3. 11. company z issues a $250,000 6% bond due in 10

11. Company Z issues a $250,000 6% bond due in 10 years. Interest is payable...

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Accounting

11. Company Z issues a $250,000 6% bond due in 10 years. Interest is payable annually at year-end. The market rate is 4%. What is the value of the discount or premium associated with the bond at issuance?

$36,802 discount

$40,554 premium

$40,554 discount

$36,802 premium

12.

Which of the following is false?

Both are true

When billing a customer who is granted a trade discount, the list price is used.

Both are false

Trade discounts are recognized in the financial statements as Sales discounts

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