The following transactions were done by ts furniture, Ask an Expert

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The following transactions were done by TS furniture compnay. On December 31, 2011 they sold 3,000,000 of its own 10%, 10 year bonds dated december 31, 2011 with interest payable on june 30 and dec 31. The bonds were sold for a price reflect a 8% market interest rate. Prepare a calculation for the selling price for each bond?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M961403

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