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QUESTION 8 On January 1, 2021, Duke Corporation issued 17,000 of its 4%, $1,000 bonds at 104. Interest is payable semiannually on June 30
QUESTION 8 On January 1, 2021, Duke Corporation issued 17,000 of its 4%, $1,000 bonds at 104. Interest is payable semiannually on June 30 and December 31. The bonds mature on December 31, 2035. Duke uses straight-line amortization of any premium or discount. What is interest expense for 2025?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
