Parsons Company issued at 97 bonds with a face value of $500,000. As a result of the issue:
A) Assets and liabilities would both increase by $500,000.
B) Assets would increase by $485,000 and liabilities would increase by $500,000.
C) Assets and liabilities would both increase by $485,000.
D) Assets would increase by $500,000, and liabilities would increase by $485,000.
Correct Answer:
Verified
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