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Courtenay Manufacturing Inc. has outstanding $260,000 of 5% debenture bonds. The bonds were issued at...

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Accounting

Courtenay Manufacturing Inc. has outstanding $260,000 of 5% debenture bonds. The bonds were issued at 103 in 20xx and mature in 20 years.
Read the requirements.
Requirement 1. How much cash did Courtenay receive when it issued these bonds?
How much cash did Courtenay receive when it issued these bonds?
Requirement 2. How much cash in total will Courtenay pay the bondholders through the maturity date of the bonds?
How much cash in total will Courtenay pay the bondholders through the maturity date of the bonds?
Requirement 3. Take the difference between your answers to requirements 1 and 2. This difference represents Courtenay's total interest expense over the life of the bonds.
What is the difference between your answers to requirements 1 and 2?
What is Courtenay's annual interest expense by the straight-line amortization method?
What is this amount multiplied by 20?
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