Receive on the issuance of the bonds, Accounting Basics

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Receive on the issuance of the bonds

On July 1, 2007, Risen Co. issued 1500 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2007 and mature on April 1, 2017. Interest is payable semiannually on April 1 and October 1. What total amount of cash did Risen receive on the issuance of the bonds?

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Accounting Basics: Receive on the issuance of the bonds

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Accounting Basics: Receive on the issuance of the bonds

Reference No:- TGS052177

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Equity method to business consolidation

Q : Determining the type of amortization loan

Q : Determining the external financing

Q : Volatility of the stock per annum

Q : Receive on the issuance of the bonds

Q : Amount of the loss on impairment

Q : Estimate the price earnings ratio

Q : What is the amount of the overall net gain or loss

Q : Basics of effective interest method

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Receive on the issuance of the bonds

Reference No:- TGS052177

Recent Questions Asked Accounting Basics

Q : Equity method to business consolidation

Q : Determining the type of amortization loan

Q : Determining the external financing

Q : Volatility of the stock per annum

Q : Receive on the issuance of the bonds

Q : Amount of the loss on impairment

Q : Estimate the price earnings ratio

Q : What is the amount of the overall net gain or loss

Q : Basics of effective interest method

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