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  3. if $842,000 of 12% bonds are issued at 102 1/2, wh

If $842,000 of 12% bonds are issued at 102 1/2, what is the amount of...

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Accounting

If $842,000 of 12% bonds are issued at 102 1/2, what is the amount of cash received from the sale?

Select the correct answer.

$842,000

$863,050

$943,040

$631,500

Answer & Explanation Solved by verified expert
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