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On July 1, 20X4, Ritter Inc. issued 5%, 10-year bonds with a face value of...

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Accounting

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On July 1, 20X4, Ritter Inc. issued 5%, 10-year bonds with a face value of $3,000,000. The bonds pay interest semi-annually on June 30 and December 31. At the time of issuance, the required market rate of return was 4%. Ritter paid costs directly related to issuing these bonds of $80,000. Ritter reports under IFRS. What is the amount of net proceeds received on the issuance of these bonds? O a $3,163,327 b. $3,165,272 O $3,245,272 Od. $2,686,163 QUESTIONS 1 point Stanger Inc. originally planned to issue $100,000 of 6.0% par bonds on January 1, 20X7 with interest payable on June 30 and December 31. Due to some delays in the regulatory approval process the bonds are not issued (sold) until March 1, 20x7. What was the total amount of cash that Stanger Inc. received from the sale of the bonds? a $100,000 b $102,000 $101.000 d. $99,000

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