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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