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On May 1, 2010, Krypton Corporation Sold $150, 000 of Its

Question 36

Multiple Choice

On May 1, 2010, Krypton Corporation sold $150, 000 of its 15%, five-year bonds dated January 1, 2010, for 100 plus accrued interest.How much cash was received?


A) $107, 500
B) $150, 000
C) $157, 500
D) $100, 000

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