Tab Skates Ltd issued $100,000 worth of 5-year,7% bonds and received proceeds of $96,909.The total bond discount would be $10,091.

Name: Tab Skates Ltd issued $100,000 worth of 5-year,7% bonds and received proceeds of $96,909.The total bond discount would be $10,091.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The total bond discount is the difference between the face value of the bonds and the proceeds received, which is $100,000 - $96,909 = $3,091.

Tab Skates Ltd Issued $100,000 Worth of 5-Year,7% Bonds and Received