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NBC Corporation issued $610,000, 9%, 5-year bonds on January 1, 2019 for $660,731 when the market interest rate was 7%. Interest is paid semiannually on
NBC Corporation issued $610,000, 9%, 5-year bonds on January 1, 2019 for $660,731 when the market interest rate was 7%. Interest is paid semiannually on January 1 and July 1. The corporation uses the effective-interest method to amortize bond premium. The total amount of bond interest expense recognized on July 1, 2019 is: Group of answer choices $27,450. $23,126. $21,350. $29,733
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Auditing Theory
Authors: Ian Dennis
1st Edition
1138599700, 978-1138599703
