Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158809
Author: Wild, John
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter B, Problem 12E
Summary Introduction
Concept Introduction:
Cash proceeds from bonds can be calculated using the discounting method. Under this method the future cash flows from bonds are discounted using the market interest rate and the cash proceeds are calculated as present value.
To calculate: total cash proceeds from issuance of bonds.
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Financial Accounting: Information for Decisions
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