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A company issued 7%, 5-year bonds with a par value of $900,000. The market rate when the bonds were issued was 7.5%. The company received
- A company issued 7%, 5-year bonds with a par value of $900,000. The market rate when the bonds were issued was 7.5%. The company received $885,000 cash for the bonds. What is the amount of interest expense for the first semiannual interest period?
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Managerial Accounting Creating Value In A Dynamic Business Environment
Authors: Ronald W Hilton
6th Edition
0071113142, 978-0071113144
