On April 1, 2021, ORANGE Inc. issued at 97 including accrued interest, 2,000 of its 10%,₱1,000 bonds. The bonds are dated January 1, 2021, to mature on January 1, 2031. Interest is payable semi-annually on January 1 and July 1. From the bond issuance, how much net cash did ORANGE receive?

On April 1, 2021, ORANGE Inc. issued at 97 including accrued interest, 2,000 of its 10%,₱1,000 bonds. The bonds are dated January 1, 2021, to mature on January 1, 2031. Interest is payable semi-annually on January 1 and July 1. From the bond issuance, how much net cash did ORANGE receive?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5MC: On January 1, a company issued a 5-year $100,000 bond at 6%. Interest payments on the bond of $6,000...

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₱1,990,000

₱1,940,000

₱1,890,000

₱1,965,000

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