FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- If $1,051,000 of 12% bonds are issued at 102 1/2, The amount of cash received from the sale is:arrow_forwardIf $571,000 of 9% bonds are issued at 98, the amount of cash received from the sale is a.$519,610 b.$571,000 c.$559,580 d.$622,390arrow_forwardIf $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is a.$1,153,000 b.$864,750 c.$1,256,770 d.$1,181,825arrow_forward
- If $325,000 of 9% bonds are issued at 96, what is the amount of cash received from the sale? Select the correct answer. $325,000 $295,750 $312,000 $354,250arrow_forwardEddie Industries issues $926,000 of 8% bonds at 102. The amount of cash received from the sale is a.$926,000 b.$1,000,080 c.$898,220 d.$944,520arrow_forwardCompany X pays interest to the amount of R1 500 a year on total liabilities of R10 000. It can also issue bonds with a YTM of 12%. What will the relevant before tax cost of debt be when calculating that WACC for the company? a. 18% b. 12% c. 15% d. 8%arrow_forward
- A $10,000 bond quoted at 106 would sell for: A. $10,106. B. $106. C. $10,000. D. $10,600.arrow_forwardEddie Industries issues $829,000 of 8% bonds at 105. The amount of cash received from the sale is a.$804,130 b.$829,000 c.$895,320 d.$870,450arrow_forwardIf $4,000,000 of 12% bonds are issued at 98, the amount of cash received from the sale is: $4.080,000 $4,480,000 $3,920,000 $4,000,000arrow_forward
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