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What should be the issue price of bonds payable

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Question 1: Bonds Payable:- On January 1, 2014 ABCD ltd issues 20,000 $100 face value bonds carrying a coupon rate of 10% and payable semiannually. The term of the bond is 8 years. what should be the issue price of Bonds payable under these thjre situations? also provide journal entry on the issuance of bonds under each situation.

  1. When market rate is 10%
  2. When market rate is 8%
  3. When market rate is 12%.

Reference no: EM132555822

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