On the Issuance Date, the Bonds Payable Account Had a Balance

question 65

Multiple Choice

On the issuance date, the Bonds Payable account had a balance of $50,000,000 and Premium on Bonds Payable had a balance of $1,000,000.What was the issue price of the bonds?

• A) $50,000,000
• B) $49,000,000
• C) $51,000,000
• D) Unable to determine from the information given

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