Compute the cash proceeds from bond issues under the following terms. For each case, indicate...
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Accounting
Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount.
A). Pear inc. issued $153,000 of 10-year, 8 percent bonds at 103. B). Apple Inc. issued $88,000 of five year, 12 percent bonds at 97. C). Cherry Co. issued $177,000 of five year, 6 percent bonds at 101 1/4
D). Grape Inc. issued $62,000 of four year, 8 percent bonds at 97
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