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ashleyr1819 ashleyr1819
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6 years ago
On March 1, 2000, WC issued 10% stated interest rate, 10 year debentures dated January 1, 2000,
in the face amount of $1,000,000, with interest payable on January 1 and July 1. The debentures
were sold to yield 12% plus accrued interest. How much should WC debit to cash on March 1,
2000?
A) $ 901,963
B) $ 903,003
C) $1,016,667
D) $1,033,333
E) $ 902,336
Textbook 
Intermediate Accounting, Volume 2

Intermediate Accounting, Volume 2


Edition: 5th
Authors:
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DJSkopesDJSkopes
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6 years ago
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ashleyr1819 Author
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6 years ago
White Checkmark
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#3
6 years ago
...I assume it was right Smiling Face with Open Mouth
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