Bonds mature in ten years


On March 1, 2011, Pyne Furniture Co. issued $700,000 of 10 percent bonds to yield 8 percent. Interest is payable semiannually on February 28 and August 31. The bonds mature in ten years. Pyne Furniture Co. is a calendar-year corporation.

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Accounting Basics: Bonds mature in ten years
Reference No:- TGS084083

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