How much cash would simon receive on issuance date
On May 1, 2014, Simon Company issued $200,000 of 9%, 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and January 1. How much cash would Simon receive on issuance date?
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On May 1, 2014, Simon Company issued $200,000 of 9%, 10-year bonds dated January 1 at par plus accrued interest. Interest is payable semiannually on July 1 and January 1.
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