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Interest Expense Using Straight-Line Amortization : A company issues $100,000 in bonds at a premium, receiving $105,000 in proceeds. The bond has a 10-year term
- Interest Expense Using Straight-Line Amortization: A company issues $100,000 in bonds at a premium, receiving $105,000 in proceeds. The bond has a 10-year term with a coupon rate of 6%, payable annually. Calculate the annual interest expense using the straight-line amortization method.
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
