Illustrate what cash proceeds did harding company

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Q. Harding Company issued 11%, 5 year, $400,000 par value bonds that pay interest semi-annually on October 1 and April 1. The bonds are dated April 1, 2000, and are issued on that date. The discount rate of interest for such bonds on April 1, 2010, is 10%. What cash proceeds did Harding Company receive from issuance of the bonds?

 

Reference no: EM13121322

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