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On June 1 of the current year, Kate Corp. issued $313,000 of 9% bonds payable at par with interest payment dates of May 1 and
On June 1 of the current year, Kate Corp. issued $313,000 of 9% bonds payable at par with interest payment dates of May 1 and November 1. In its income statement for the current year ended December 31, what amount of accrued bond interest payable should Kate report?
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