Amount did risen receive from the bond issuance, Accounting Basics

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Amount did risen receive from the bond issuance

On July 1, 2004, Risen Co. issued 500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2004 and mature on April 1, 2014. Interest is payable semiannually on April 1 and October 1. What amount did Risen receive from the bond issuance?

a. $507,500

b. $500,000

c. $495,000

d. $482,500

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Accounting Basics: Amount did risen receive from the bond issuance

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Accounting Basics: Amount did risen receive from the bond issuance

Reference No:- TGS081487

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find out the cost of the land

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Amount did risen receive from the bond issuance

Reference No:- TGS081487

Recent Questions Asked Accounting Basics

Q : Find out the cost of the land

Q : Corporation uses the perpetual inventory method

Q : Common stock of grady corporation

Q : Paid-in capital would increase

Q : Amount did risen receive from the bond issuance

Q : Problem based on unamortized bond discount

Q : Recognize the redemption of the bonds

Q : Settlement for legal services with a fair value

Q : Reissuance of the stock on the accounts

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