Answered: If $467,000 of 7% bonds are issued at…

If $467,000 of 7% bonds are issued at 98, the amount of cash received from the sale is a. $434,310 b. $457,660 c. $467,000 d. $499,690

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 $467,000 of 7% bonds are issued at 98, the amount of cash received from the sale is

a. $434,310

b. $457,660

c. $467,000

d. $499,690

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