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    Exam 11: Long-Term Liabilities, bonds Payable, and Classification of Liabilities on the Balance Sheet
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    If Bonds with a Face Value of $100,000 Are Sold
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If Bonds with a Face Value of $100,000 Are Sold

Question 136

Question 136

Multiple Choice

If bonds with a face value of $100,000 are sold at 102,the amount of cash proceeds is:


A) $108,800.
B) $100,000.
C) $99,898.
D) $102,000.

Correct Answer:

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