On May 1, 2010, Krypton Corporation sold - 14637

Solution Posted by
yousafbhutta

yousafbhutta

Rating : (28)C
Solution Detail
Price: $0.50
  • From: Business,
  • Posted on: Fri 02 Nov, 2012
  • Request id: None
  • Purchased: 0 time(s)
  • Average Rating: No rating
Request Description

 

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?

Answer

 

$107,500

 

$150,000

 

$157,500

 

$100,000

Solution Description

 

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?

Answer