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On October 1, 2020 Swifty Corporation issued 6%, 10-year bonds with a face value of $6050000 at 104. Interest is paid on October 1
On October 1, 2020 Swifty Corporation issued 6%, 10-year bonds with a face value of $6050000 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, 2020 income statement of Swifty Corporation would be $90750 $169400 $96800 $84700
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Managerial Accounting An Introduction to Concepts Methods and Uses
Authors: Michael W. Maher, Clyde P. Stickney, Roman L. Weil
11th edition
1111571260, 978-1111571269
