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If $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 $4,000,000

If $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 $4,000,000

FINANCIAL ACCOUNTING
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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If $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 $4,000,000
Transcribed Image Text:If $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 $4,000,000
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