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General Accounting Discussions: Bond

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    When i read the article of bond in US, the following sentence come out,
    On July 1, 2005, Eagle Corp issued 600 of its, 1000 bond at 99
    plus accrued interest・・・

    i am not US citizen, pls. show me the meaning 600 and 1000 how they are related.
    • CommentAuthorabril
    • CommentTimeOct 4th 2007
     
    Eagle corp issued a bond.. 600 pieces, each has a face value of US$1000. thus, 600 X 1000 = US$600,000 > total amount of bond. 99 means it was issued in a discount.

    600,000 X 99% = 594,000 > this is the cash received
  3.  
    abril

    i understood it. thank you very much.

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