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Use the information below to answer the following questions:
Assume that on 1 January 2012 the company issued $100 000 ten-year bonds with a 10% coupon rate paid semi-annually. The bond is issued to yield a 12% return to investors selling for $88 529.
-Which of the following would be part of the journal entry on 1 January 2012?
Management
The process of dealing with or controlling things or people, often within an organizational context.
Limited Liability Company
A blend of organizational structures that offers the tax efficiencies of a partnership or sole proprietorship alongside the minimized personal financial risk characteristic of a corporation.
Business Organization
A legal entity formed to conduct business, such as a corporation, partnership, or sole proprietorship.
Wyoming
A state in the western United States known for its wide-open spaces, mountains, and national parks.
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