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    Exam 10: Accounting for Long-Term Debt
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    On January 1,Year 1,Daniels Company Issued Bonds with a Face
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On January 1,Year 1,Daniels Company Issued Bonds with a Face

Question 61

Question 61

True/False

On January 1,Year 1,Daniels Company issued bonds with a face value of $500,000,receiving $496,000 cash.When the bonds mature,Daniels will have to pay the face value of the bonds to the bondholders.

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