Multiple Choice
On May 1, 2013, Legacy Corporation sold $250,000 of its 15%, five-year bonds dated January 1, 2013, for 100 plus accrued interest. How much cash was received?
A) $237,500
B) $250,000
C) $262,500
D) $268,750
Correct Answer:
Verified
Correct Answer:
Verified
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