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On May 1, 2010, Krypton Corporation sold $150,000 of its 15%, five-year bonds dated January 1, 2010, for 100 plus accrued interest. How much cash was received?

Select one:

a. $157,500

b. $150,000

c. $100,000

d. $107,500

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M946035

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