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need asap, please answer in 15 min for thumbs up. thanks! On January 1, 2019. Chin Corporation issued $2,900,000, 12%, 5-year bonds. The bond interest
need asap, please answer in 15 min for thumbs up. thanks!
On January 1, 2019. Chin Corporation issued $2,900,000, 12%, 5-year bonds. The bond interest is payable on January 1 and July 1. The bonds sold for $3,119,600 The market rate of interest for these bonds was 10%. Under the effective - interest method, what is the interest expense for the six months ending July 1, 2017 O A $187,176 B. $155,980 OC. $174.000 OD. $145,000 Step by Step Solution
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