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Alco Company sold a 5 year, 4% face rate $100,000 bond on January 1, 2018, for 101. Issue costs were $400 and interest is paid
| Alco Company sold a 5 year, 4% face rate $100,000 bond on January 1, 2018, for 101. | |||||
| Issue costs were $400 and interest is paid each December 31. | |||||
| 1. Calculate the effective interest rate and prepare an amortization schedule covering 2018 through 2020 |
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Corporate Financial Accounting
Authors: Carl S Warren, Jeff Jones
16th Edition
0357510380, 978-0357510384
