E-tech initiatives limited plans to issue 100000 10-year 7

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Reference no: EM13602331

E-Tech Initiatives Limited plans to issue $100,000, 10-year, 7 percent bonds. Interest is payable annually on December 31. All of the bonds will be issued on January 1, 2010.

Required:
What is the net amount of the bonds to be reported on the January 2, 2010 balance sheet if they are issued at 95? (Omit the "$" sign in your response.)

Reference no: EM13602331

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