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Bonds issued at a discount and premium-effective interest method
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Wayman Corporation issued bonds twice during 2007. Transacations were as follows: 2007 Jan. 1 -Issued $2,000,000 of 9.2 percent, ten year bonds dated January 1, 2007, with interest payable on June 30 and December 31. The bonds were sold at 98.1, resulting in an effective interest rate of 9.5...
Bonds issued b/w interest date
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Why should the buyer of the bond to pay for interest accrued to the date of issuance? Why company just not take par from the buyer and pay him interest for the remaining period?
Do bonds (payable) issued in exchange for land show on Cash flow
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If a business issues bonds payable in exchange for land, is the transaction reported in a separate schedule on the statement of cash flows?
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