Question
A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds
A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recognized in 2014?
Please provide formula:
|
| $390,000 |
|
| $780,000 |
|
| $784,249 |
|
| $784,166 |
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Audit Of EPAs Fiscal 2012 And 2011 Consolidated Financial Statements
Authors: U.S. Environmental Protection Agency
1st Edition
1500624705, 978-1500624705
