Exhibit 14-1
A $300,000, ten-year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows:
-Refer to Exhibit 14-1. At date of issuance cash received would be

Question

Exhibit 14-1
A $300,000, ten-year, 8% bond issue was sold to yield 9% interest payable annually. Actuarial information for 10 periods is as follows: 
-Refer to Exhibit 14-1. At date of issuance cash received would be

Quizplus · Accepted Answer

The correct answer is A because the cash received at the date of issuance is $280,747.

Exhibit 14-1 A $300,000, Ten-Year, 8% Bond Issue Was Sold to Yield