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On the first day of the fiscal year, a company issues a $1,000,000, 7%, 5 year bond that pays semi-annual interest of $35,000 ($1,000,000 × 7% × 1/2), receiving cash of $884,171. Journalize the entry to record the issuance of the bonds.
Marginal Costs
The added cost incurred when one more unit of a good or service is produced.
Marginal Benefit
The additional pleasure or utility gained when one more unit of a good or service is consumed.
Marginal Cost
The additional cost incurred to produce one more unit of a good or service.
Opportunity Costs
The forfeiture of possible benefits from other options when selecting a specific choice.
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