Answered: If $1,153,000 of 9% bonds are issued at…

If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is a.$1,153,000 b.$864,750 c.$1,256,770 d.$1,181,825

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 14Q: A company issued $100,000, 5-year bonds, receiving $97,000. What is the balance sheet presentation...

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Question

If $1,153,000 of 9% bonds are issued at 102 1/2, The amount of cash received from the sale is

a.$1,153,000

b.$864,750

c.$1,256,770

d.$1,181,825

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