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On 1/1/2016 Assume that Co issues 8% $200,000 bonds, due in five years for 184,836.64. the interest is paid annually at the end of each
On 1/1/2016 Assume that Co issues 8% $200,000 bonds, due in five years for 184,836.64. the interest is paid annually at the end of each year, the market rate is 10%.assume that the company uses the effective rate method for amortizing the discount or premium. the interest expense for the year 2017 is : Select one: a. 18,732.03 b. 14,786.93 c. 16,000 d. 18,483.66
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