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Pan Company received proceeds of $160,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $198,000, pay interest
Pan Company received proceeds of $160,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $198,000, pay interest semi-annually on June 30 and December 31. Pan uses the straight-line method of amortization. What is the amount of interest expense Pan will show with relation to these bonds for the year ended December 31, 2014? Select one:
Pan Company received proceeds of $160,000 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $198,000, pay interest semi-annually on June 30 and December 31. Pan uses the straight-line method of amortization. What is the amount of interest expense Pan will show with relation to these bonds for the year ended December 31, 2014?
Select one:
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Interpretation And Application Of International Standards On Auditing
Authors: Steven Collings
1st Edition
0470661127, 978-0470661123
