What amount did spear receive from the bond issuance, Accounting Basics

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What amount did spear receive from the bond issuance

On July 1, 2010, Spear Co. issued 1,000 of its 10%, $1,000 bonds at 99 plus accrued interest. The bonds are dated April 1, 2010 and mature on April 1, 2020. Interest is payable semiannually on April 1 and October 1.

Required: What amount did Spear receive from the bond issuance?

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Accounting Basics: What amount did spear receive from the bond issuance

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Accounting Basics: What amount did spear receive from the bond issuance

Reference No:- TGS0698882

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the interest that had already been accrued

Q : Compare internal control issues between invoice approval

Q : What effect would there on sequence of protein produced

Q : How expense will be recognized over the life of these bonds

Q : What amount did spear receive from the bond issuance

Q : Type of difference deferred tax

Q : The effective-interest method of amortizing

Q : What net carrying amount should be used in computing

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount did spear receive from the bond issuance

Reference No:- TGS0698882

Recent Questions Asked Accounting Basics

Q : Calculate the interest that had already been accrued

Q : Compare internal control issues between invoice approval

Q : What effect would there on sequence of protein produced

Q : How expense will be recognized over the life of these bonds

Q : What amount did spear receive from the bond issuance

Q : Type of difference deferred tax

Q : The effective-interest method of amortizing

Q : What net carrying amount should be used in computing

Q : What does your company use

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