Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. bonita industries issues $20900000 of 10-year, 9%

Bonita Industries issues $20900000 of 10-year, 9% bonds on March 1, 2017 at 96 plus...

60.1K

Verified Solution

Question

Accounting

Bonita Industries issues $20900000 of 10-year, 9% bonds on March 1, 2017 at 96 plus accrued interest. The bonds are dated January 1, 2017, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

a)$20064000

b)$21161250

c)$19777500

d)$20377500

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In Section 6 2 we learned about slope fields a In your own words describe...

Geometry
Q

As the quality engineer for a small chain of fast food restaurants called McDowell’s (They’ve got...

Statistics
Q

What cytoskeleton filaments and molecular motors are involved in HIV trafficking?

Biology
Q

3) A piece of metal with a mass of 3.8 kg and density of 1808 kg/m3...

Physics
Q

Suppose Canada imposes high tariffs on Japanese automobiles. The intention is to make autos produced in...

Economics
Q

Abbot Equipment Repair has a September 30 year end. The company adjusts and closes its accounts...

Accounting
Q

Sean is thinking about using seawater to water his plants. Sean places 10 spider plants...

Biology
Q

Viruses bacteria and transposons are examples of what type of mutagen A biological agents B...

Biology
Q

A simple pendulum 50 cm long is suspended from the roof of a cart accelerating...

Physics
Q

Special Cases and Applications Progress The movement of the progress bar may be uneven because...

Basic Math
Q

Find the product b 1 b 2 b 4 b 1 b 2 b 4

Algebra
Q

Current Attempt in Progress The following information is available for Skysong Corp. for the year...

Accounting