Answered: A company received cash proceeds of…

A company received cash proceeds of $426,525 on a bond issue with a par value of $400,000. The difference between par value and issue price for this bond is recorded as a:

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 6EB: Waldron Inc. issued $400,000 bonds with a stated rate of 7% when the market rate was 5%. They are...

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A company received cash proceeds of $426,525 on a bond issue with a par value of $400,000. The difference between par value and issue price for this bond is recorded as a:

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