Answered: If $1,140,000 of 12% bonds are issued…

If $1,140,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is a.$1,140,000 b.$855,000 c.$1,276,800 d.$1,171,350

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

If $1,140,000 of 12% bonds are issued at 102 3/4, the amount of cash received from the sale is

a.$1,140,000

b.$855,000

c.$1,276,800

d.$1,171,350

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