Question: 1. What is the total selling price for 100 bonds if the following information existed? $__________ Show your work.
Market intertest rate on sale date was 12% Bonds are 4 year bonds
Bonds pay intertest semiannually Bond interest rate is 10%
Bonds were all sold on initial bond issue date 100 bonds sold
2. __________________________is an accounting phrase that denotes that a company has incurred an obligation but is not reporting it as a liability in the financial statements or in the footnotes.