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please solve it ASAP On Dec. 31, 2020, ABC Corp issued 4-year, 7% bonds with $2,000,000 as par value. ABC Corp. received $2,240,000 in cash.
please solve it ASAP
On Dec. 31, 2020, ABC Corp issued 4-year, 7% bonds with $2,000,000 as par value. ABC Corp. received $2,240,000 in cash. The bond interest is paid semiannually
on June 30 and December 31 every year.
Compute the following:
Total bonds premium.
Interest paid in cash semiannually.
The Semiannual amortization amount of the bond premium.
Total bonds interest expense over the 4 years.
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