Question
On January 1, 2020, the Company ehf. issued bonds (bonds) in the total amount of ISK 500,000. The bonds bear 8% nominal interest and are
On January 1, 2020, the Company ehf. issued bonds (bonds) in the total amount of ISK 500,000. The bonds bear 8% nominal interest and are for 5 years. Interest is paid annually, January 1 each year. The shares were rarely at ISK 479,000. Bond discounts are amortized on a straight-line basis over 5 years. What was the total interest expense in 2020?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
