SAT, 09.02.2022 19:10 FrankyV3220
On february 28, 2021, universal industries issued 10% bonds, dated january 1, with a face amount of $48 million. The bonds were priced at $42 million (plus accrued interest) to yield 12%. Interest is paid semiannually on june 30 and december 31. Universal uses the effective interest method and its fiscal year ends on october 31.
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On february 28, 2021, universal industries issued 10% bonds, dated january 1, with a face amount of...
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