Business, 30.07.2021 01:30, Nextlevel3
Blossom Company issued 6%, 9-year, $255,000 par value bonds that pay interest annually on April 1. The bonds are dated April 1, 2022, and are issued on that date. The discount rate of interest for such bonds on April 1, 2022, is 8%.
Required:
What cash proceeds did Blossom receive from issuance of the bonds?
Answers: 2
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Blossom Company issued 6%, 9-year, $255,000 par value bonds that pay interest annually on April 1. T...
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