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. The discount at the date of bond issuance 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. The discount at the date of bond issuance would be

Quizplus · Accepted Answer

The discount at the date of bond issuance is calculated as the difference between the face value of the bond and its issue price. The choice D represents a significant discount, which is likely the correct calculation based on typical bond issuance scenarios.

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