Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. brief exercise a-16 gleason enterprises issued 129

Brief Exercise A-16 Gleason Enterprises issued 1296, 10-year, $2,720,000 par value bonds that pay interest...

50.1K

Verified Solution

Question

Accounting

image

Brief Exercise A-16 Gleason Enterprises issued 1296, 10-year, $2,720,000 par value bonds that pay interest semiannually on October 1 and April 1. The bonds are dated April 1, 2020, and are issued on that date. The discount rate of interest for such bonds on April 1, 2020, is 14% Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What cash proceeds did Gleason receive from issuance of the bonds? (Round answer to 0 decimal places, e.g. 125.) Cash proceeds from issuance of the bonds Click if you would like to Show Work for this question: Open Show Work

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Programming
1.2K views

Write a program in a script file that creates m × n matrix with elements that...

Basic Math
1.2K views

Consider a reaction that has a positive AH and a negative AS Which of the...

Basic Math
1.2K views

Using the information in the figure calculate the percentage change in auto sales from 2013...

Statistics
1.2K views

Part 3 of 3 ce is rolled Find the probability of rolling ot more than...

Accounting
1.2K views

1. On August 31, 2018, Julie Lynn went to her accountants,...

Accounting
1.2K views

Determine the production that each of the working interest owners would use in computing DD&A

Accounting
1.2K views

Present Value of an Ordinary Annuity of $400 per year for 14 years at 4%

Accounting
1.2K views

Crane Corporation had the following items in inventory as at December 31,2023: \table[[Item...

Accounting
1.2K views

need work chrcked int=400K(.18)(121)=6Kdep=60180K=3K To complete this portion...

Accounting
1.2K views

Cul es la ley que se ha decidido en el caso de Associated Metal Smelters...

Finance
1.2K views

You are an entrepreneur who delivers pizza for some of the large chains in Orleans...

Finance
1.2K views

NIKE is considering two mutually exclusive projects: A and B. The projects have the following...