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Carla Vista Enterprises issued 8%, 8-year, $2,950,000 par value bonds that pay interest annually on...

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Accounting

Carla Vista Enterprises issued 8%, 8-year, $2,950,000 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%.

What cash proceeds did Carla Vista receive from issuance of the bonds?

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