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Crane home supply company received proceeds of 807000 on 10-year, 8% bonds issued on January 1, 2025. The bond shaves a face value of 86600,
Crane home supply company received proceeds of 807000 on 10-year, 8% bonds issued on January 1, 2025. The bond shaves a face value of 86600, pay interest annually on December 31, and has a call price of 102. Crane home supply uses the straight-line method of amortization. What is the amount of interest crane home supply will pay bondholders in 2025? 64560, 75180, 69280, 63380
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Management Accounting
Authors: Donna K. Ulmer
7th Edition
0324234880, 978-0324234886
