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On October 1, 2017 Vaughn Manufacturing issued 4%, 10-year bonds with a face value of $6130000 at 104. Interest is paid on October 1 and
On October 1, 2017 Vaughn Manufacturing issued 4%, 10-year bonds with a face value of $6130000 at 104. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2017 income statement of Vaughn Manufacturing would be
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