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Ivanhoe Company received proceeds of $736000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $700000, pay
Ivanhoe Company received proceeds of $736000 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $700000, pay interest annually on December 31, and have a call price of 106. Ivanhoe uses the straight-line method of amortization. What is the amount of interest Ivanhoe must pay the bondholders in 2019? O $58880 O $56000 O $59360 O $5888
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Accounting for Non-Accounting Students
Authors: John R. Dyson
8th Edition
273722972, 978-0273722977
