Feller company issues 20000000 of 10-year 9 bonds on march


Feller Company issues $20,000,000 of 10-year, 9% bonds on March 1, 2010 at 97 plus accrued interest. The bonds are dated January 1, 2010, and pay interest on June 30 and December 31. What is the total cash received on the issue date?

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Financial Accounting: Feller company issues 20000000 of 10-year 9 bonds on march
Reference No:- TGS01000525

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