On May 1, 2010, Krypton Corporation sold $150,000 of its 15%, five-year bonds dated January 1, 2010, for 100 plus accrued interest. How much cash was received?

On May 1, 2010, Krypton Corporation sold $150,000 of its 15%, five-year bonds dated January 1, 2010, for 100 plus accrued interest. How much cash was received?

Answer

		$107,500
		$150,000
		$157,500
		$100,000

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