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A corporation issues $88,000, 8%, 5-year bonds on January 1, for $91,960. Interest is paid semiannually on January 1 and July 1. If the corporation
A corporation issues $88,000, 8%, 5-year bonds on January 1, for $91,960. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond premium, determine the amount of bond interest expense to be recognized on July 1.
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Financial Investigation And Forensic Accounting
Authors: George A Manning
3rd Edition
0367864347, 9780367864347
