If 4000000 of 12 bonds are issued at 101 the amount of cash


If $4,000,000 of 12% bonds are issued at 101, the amount of cash received from the sale is:

a. $4,040,000
b. $4,000,000
c. $4,080,000
d. $3,520,000

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Accounting Basics: If 4000000 of 12 bonds are issued at 101 the amount of cash
Reference No:- TGS0598094

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