The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to be paid to bondholders. Which of the following is the correct amount? O $81,906 O $80,300 O $142,494

The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to be paid to bondholders. Which of the following is the correct amount? O $81,906 O $80,300 O $142,494

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 3PA: Eli Inc. issued $100,000 of 8% annual, 5-year bonds for $103,000. What is the total amount of...

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Question

The company Milly works for has issued $110,000, 9%, three-year bonds at 102. Milly has been asked to determine the total cash to
be paid to bondholders. Which of the following is the correct amount?
$81.906
O $80,300
O $142,494
O $139,700

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