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On January 2, 2020, Meintosh Ltd. sold five year. 4% bands with a face value of $ 500,000 interest will be paid semi-annually on June
On January 2, 2020, Meintosh Ltd. sold five year. 4% bands with a face value of $ 500,000 interest will be paid semi-annually on June 30 and December 31. The pond were sold for $ 478,121 to yield 5%. Using the effective interest method of amortization of bond discount or premium, What is the interest expense for 2020?
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Intermediate Accounting Reporting and Analysis
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd edition
9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828
