Present Value of Bonds Payable; Premium Moss Co. issued $440,000 of five-year, 12% bonds, with interest...

Question

Question

Present Value of Bonds Payable; Premium Moss Co. issued $440,000 of five-year, 12% bonds, with interest payable semiannually,

business accounting

Answer 1

Answer #1

Present value of bonds payable = Maturity value*Present value factor at 5%, 10years

= 440000*0.614

= $270160

Answer 2

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