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A total of 210500 in cash was received which included

Question - On October 1, 2018, a firm issued $200,000 of 9% bonds. The bonds were dated January 1, 2018. Interest is paid annually on 12/31. A total of $210,500 in cash was received, which included accrued interest. What amount of premium or discount is associated with these bonds?

a. $10,500 premium

b. $1,500 premium

c. $2,000 premium

d. $3,000 discount

e. $13,500 premium

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Accounting Basics: A total of 210500 in cash was received which included

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Accounting Basics: A total of 210500 in cash was received which included

Reference No:- TGS02531717

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