Determine the total issue price of the bonds
On January 1, 2012 Haley Co. issued ten year bonds with a face amount of $3,000,000 and a stated interest rate of 8% payable anually on January 1. The bonds were priced to yield 10%. determine the total issue price of the bonds were ?
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George pays $10,000 for a 20% interest in a general partnership which has recourse liabilities of $20,000. The partners share the economic risk of loss from recourse liabilities in the same way they share partnership losses. George's basis in his
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