Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5 Required Compute the...
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Exercise 10-10A Determining cash receipts from bond issues LO 10-4, 10-5
Required Compute the cash proceeds from bond issues under the following terms. For each case, indicate whether the bonds sold at a premium or discount. (Round your answers to nearest dollar amount.)
Cash Proceeds Discount or Premium a. Pear, Inc. issued $180,000 of 10-year, 8 percent bonds at 102. b. Apple, Inc. issued $104.000 of five-year, 12 percent bonds at 98. c. Cherry Co. issued $198,000 of five-year, 6 percent bonds at 101 1/4. d. Grape, Inc. issued $71,000 of four-year, 8 percent bonds at 98
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