jrfranckowiak
04.12.2019 •
Business
Company purchased $60,000 of stanton company’s 12% bonds at 100 plus accrued interest of $2,400. on june 30, pierce received its first semiannual interest. on february 1, pierce sold $50,000 of the bonds at 103 plus accrued interest.what are the total proceeds from the february 1 sale?
a. $52,000
b. $50,000
c. $52,400
d. $51,500
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Ответ:
d. $51,500
Explanation:
Proceed from sale of the bonds
face value x quote
50,000 x 103/100 = 51,500
The company will recognize a gain from the sale of 1,500 dollars as it sold the investment for 51,500 while it was valued at 50,000 in their books
Ответ:
I’m low key down for that lm.ao