Pr-14-4 on july 1 2016 merideth industries inc issued, Ask an Expert

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PR-14-4 On July 1, 2016, Merideth Industries Inc. issued $30,000,000 of 10-year, 9% bonds at a market (effective) interest rate of 10%, receiving cash of $28,130,684. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91874431

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