Wildhorse Enterprises issued 10%, 9-year, $2,440,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022. and are issued on that date. The discount rate for such bonds on April 1, 2022, is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, eg. 125.) Cash proceeds from issuance of the bonds $ 2384441

Wildhorse Enterprises issued 10%, 9-year, $2,440,000 bonds that pay interest annually on April 1. The bonds are dated April 1, 2022. and are issued on that date. The discount rate for such bonds on April 1, 2022, is 12%. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided) What cash proceeds did Wildhorse receive from issuance of the bonds? (Round answer to 0 decimal places, eg. 125.) Cash proceeds from issuance of the bonds $ 2384441

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EB: Chung Inc. issued $50,000 of 3-year bonds on January 1, 2018, with a stated rate of 4% and a market...

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