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monthers monthers
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6 years ago
Wilson Corp. issued $9,000,000 of 4% bonds on April 1 at par value. The bonds were dated January 1. The company pays interest on June 30 and December 31 each year. How much will the buyer need to pay the company in accrued interest at purchase and how much will the buyer receive in interest on June 30?
A) pay April 1, $0; receive June 30 $180,000
B) pay April 1 $360,000; receive June 30 $360,000
C) pay April 1 $360,000; receive June 30 $180,000
D) pay April 1 $90,000; receive June 30 $180,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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Vslice52Vslice52
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6 years ago
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monthers Author
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#2
6 years ago
This helps so much, thank you for responding so quickly...
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#3
6 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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