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A company issues $16600000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The
A company issues $16600000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $16216295. What is interest expense for 2021, using straight-line amortization? O $962800 O $981985 O $974034 O $1337348
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Accounting For Managers Interpreting Accounting Information for Decision Making
Authors: Paul M. Collier
4th edition
978-111997967, 1119979676, 978-1119979678
