The bonds are dated january 1 2010 and pay interest on june


Question - Farmer Company issues $10,000,000 of 10-year, 9% bonds on March 1, 2010 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

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Accounting Basics: The bonds are dated january 1 2010 and pay interest on june
Reference No:- TGS02571981

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