What was the amount paid by ryan corporation to the seller

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Reference no: EM132816343

Problem 1: Ryan Corporation purchased bonds of Eric Company two months after the interest date, at a premium. What was the amount paid by Ryan Corporation to the seller of the bonds at purchase date?

A. Face value of the bonds

B. Face value of the bonds plus accrued interest

C. An amount exceeding the face value of the bonds plus accrued interest

D. An amount less than the face value of the bonds plus accrued interest

Reference no: EM132816343

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