On 1/1/2019 BY company purchased 4000 bonds of Arab Bank the par value per bonds OMR45, bonds bearing interest 12% is payable each July. 1 & Dec 31. The bonds mature Dec. 2019. On 31/12/2019, the company sold the bonds at OMR 152200. On 31/12/2019 the company should record cash: Select one: a. OMR152000 O b. OMR163000 c. OMR180000 O d. None of the options

On 1/1/2019 BY company purchased 4000 bonds of Arab Bank the par value per bonds OMR45, bonds bearing interest 12% is payable each July. 1 & Dec 31. The bonds mature Dec. 2019. On 31/12/2019, the company sold the bonds at OMR 152200. On 31/12/2019 the company should record cash: Select one: a. OMR152000 O b. OMR163000 c. OMR180000 O d. None of the options

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter9: Long-term Liabilities

Section: Chapter Questions

Problem 68E: Exercise Bonds with Annual Interest Payments Kiwi Corporation issued at par $350,000, 9% bonds on...

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