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Accounting for long term liabilities 10 Required information [The following information applies to the questions displayed below.] Ike issues $140,000 of 9%, three-year bonds dated

Accounting for long term liabilities 10

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Required information [The following information applies to the questions displayed below.] Ike issues $140,000 of 9%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31 . They are issued at $143,667 when the market rate is 8%. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life

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