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On January 1, 2021, Legion Company sold $205,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were
On January 1, 2021, Legion Company sold $205,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December 31. The bonds were sold for $179,452, priced to yield 10%. Legion records interest at the effective rate. Legion should pay cash interest for the six months ended June 30, 2021, in the amount of: Multiple Choice $7,178. $8,200. $8,973. $10,250
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Financial Information Analysis 2e
Authors: Philip ORegan
2nd Edition
0470865725, 978-0470865729
