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On January 1, Forward Company issues bonds that have a $30,000 par value, mature in...

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Accounting

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On January 1, Forward Company issues bonds that have a $30,000 par value, mature in 6 years, and pay 8% interest per year. Interest payments are paid to bondholders semiannually on June 30 and December 31. How much interest does Forward Company pay to bondholders every six months if the bonds are sold at par? Multiple Choice $2,400 $1,200 $14,400 $4,800 $19,200 General-purpose financial statements include the (1) income statement, (2) balance sheet, (3) statement of stockholders' equity (or statement of retained earnings), (4) statement of cash flows, and (5) notes to these statements. True or False True False

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