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Assume That on 1 January 2019 the Company Issued $100

question 17

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Assume that on 1 January 2019 the company issued $100 000 10-year bonds with a 10 per cent coupon rate paid semi-annually. The bond is issued to yield a 12 per cent return to investors selling for $88 529. Which of the following would be part of the journal entry on 1 January 2019?

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Definitions:

Professional Gambling

The act of wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money or material goods professionally.

Dependent

Typically refers to someone who relies on another, especially for financial support, such as a child or spouse supported by a family's primary earner.

Liquidates

the process of converting assets into cash or other liquid assets, often associated with closing a business or settling debts.

Fraudulent Misrepresentation

A false statement knowingly made to induce another party to enter into a contract, resulting in harm.

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