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Calculate cash proceeds received by leary from sale of bonds

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On January 1, 2015, Leary Corporation issued $800,000, 9%, 5-year bonds dated January 1, 2015, at 96. The bonds pay annual interest on January 1.

A Calculate cash proceeds received by Leary from sale of bonds

B Calculate total premium or discount(if any and indicate which it is)

C Calculate cash paid out by Leary on the interest payment dates

D Calculate total inertest expense that will be recognized over the life of the bond

Reference no: EM131815499

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