Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest. What are the total proceeds from the February 1 sale?
a. $52,000
b. $50,000
c. $52,400
d. $51,500
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Cashier's checks are generally required for A. grocery store purchases. B. mortgage fees. C. purchases made during overseas travel. D. credit card payments.
Answers (1)
A decrease in demand for a good could be caused by: a. an increase in the income of the consumers of the good, b. a decrease in the price of a substitute of the good. C. a decrease in the price of the good. d.
Answers (1)
A nonprofit agency sets up a website to channel investments from all over the globe into microloans to support local farms, artisans, and other small businesses in developing nations.
Answers (1)
Suppose Maestro'sMaestro's had cost of goods sold during the year of $ 230 comma 000$230,000. Beginning merchandise inventory was $ 35 comma 000$35,000 , and ending merchandise inventory was $ 45 comma 000$45,000.
Answers (1)
An actively traded corporate bond will likely (a) have a large bid-ask spread. (b) be rated lower by Moody's. (c) pose a large risk for the dealer. (d) have a lower yield-to-maturity than a less liquid bond. (e) have a lower coupon rate.
Answers (1)
New Questions in Business
If expansionary policy produces high GDP and low unemployment, why wouldn't the Fed always use expansionary policy?
Answers (1)
What is scientific management
Answers (1)
Which of the following is considered a "diversified" investment? A. Mutual Fund B. Index Fund C. Both of these D. Neither of these
Answers (1)
Monique was looking for a venue for her wedding reception. When she visited one potential location, she noticed that the landscaping was not complete, and there was stained carpet in the lobby.
Answers (1)
If the reserve requirement was 15% and a bank customer makes a deposit of $500, the initial result would be: a. a $3,333 increase in required reserves and an $425 increase in excess reserves. be.
Answers (1)