What is the total selling price for bonds

Assignment Help Accounting Basics

Reference no: EM131884225

Question: 1. What is the total selling price for 100 bonds if the following information existed? $__________ Show your work.

Market intertest rate on sale date was 12% Bonds are 4 year bonds

Bonds pay intertest semiannually Bond interest rate is 10%

Bonds were all sold on initial bond issue date 100 bonds sold

2. __________________________is an accounting phrase that denotes that a company has incurred an obligation but is not reporting it as a liability in the financial statements or in the footnotes.

Reference no: EM131884225

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