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The Evermaster Co issues at par a 100,000 8% bond on Jan 1, 2010 which matures after 5 years. Bond issue costs are 7721.73. The
The Evermaster Co issues at par a 100,000 8% bond on Jan 1, 2010 which matures after 5 years. Bond issue costs are 7721.73. The bond pays interest on july1 and Jan 1.
How much interest expense will be recognized under IFRS on July 1,2010(rounded, use effective interest method.
How much interst expense will be recognized under IFRSfor thr 6 months period ending july 12013 (hint: you need to compute the book value at the beginning of the 6 month period) round the answer
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