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Crane Ltd issued $ 1 , 2 0 0 , 0 0 0 of 1 0 years, 5 % bonds on January 1 , 2
Crane Ltd issued $ of years, bonds on January when the market interest rate was crane received $ when it issued these bonds. Interest is payable semiannually on July and January crane has a December year end. What is the difference between the amount of interest expense recorded in Crane's statement of income in and the amount of interest paid to the bondholders in
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