Question
Fila issued $100,0000 worth of 5-year, 7% bonds. The current market rate was 7.5%. Fila received $97,947 for the bonds using the straight line method.
Fila issued $100,0000 worth of 5-year, 7% bonds. The current market rate was 7.5%. Fila received $97,947 for the bonds using the straight line method. The amount of interest expense for the first semiannual payment was:
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes
6th Edition
1118988493, 978-1118988497
