How much cash was paid for interest, Accounting Basics

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How much cash was paid for interest

on january 1,2011, Deily Corporation issued $500,000 of 10 percent, 10-year bonds at 88.5. interest is payable on december 31. if the market rate of interest was 12 percent at the time the bonds were issued, how much cash was paid for interest in 2011?

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Accounting Basics: How much cash was paid for interest

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Accounting Basics: How much cash was paid for interest

Reference No:- TGS0676823

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Recent Questions Asked Accounting Basics

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Ask an Expert for Answer!!

Accounting Basics: How much cash was paid for interest

Reference No:- TGS0676823

Recent Questions Asked Accounting Basics

Q : Question-excel learning systems

Q : Actual emergency requiring state or local response

Q : How to create a query in ms access

Q : Which machine should be purchased

Q : How much cash was paid for interest

Q : The equipment assuming the company used straight-line

Q : How many such divisors are possible

Q : Calculate the accounting rate of return

Q : Determine the average rate of return for a project

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