What amount did Mountain receive from the bond issuance?
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 2PB: Charleston Inc. issued $200,000 bonds with a stated rate of 10%. The bonds had a 10-year maturity...
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- On April 1, 20x9, Mountain Corp. issued 200 of its ₱1,000 face
value bonds at 101 plus accrued interest. The bonds were dated November 1, 20x8, and bear interest at an annual rate of 9% payable semiannually on November 1 and May 1. What amount did Mountain receive from the bond issuance?
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