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Business, 10.03.2020 17:37 tilly40oooo

On December 31, 20X5. Cobb issued 2,000 of its 10%, $1,000 bonds at 99. The issuance price established a bond discount of $20,000. In connection with the sale of these bonds. Cobb paid the following expenses:
Legal and accounting fees $45,000
Printing of the prospectus 55,000
Underwriting fees 85,000
In Cobb's December 31, 20X5, balance sheet, bond issue costs total
a. $120,000.
b. $130,000.
c. $160,000.
d. $185,000.

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On December 31, 20X5. Cobb issued 2,000 of its 10%, $1,000 bonds at 99. The issuance price establish...
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