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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 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 July 1 and Jan 1. How much interest expense will be recognized under IFRS for the six month period ending July 1, 2013 ( Hint: You need to compute the book value at the beginning of the six month period.) Round your answer to the nearest dollar?
Answers: 4772, 4000, 3728.05, 4644.6 ARE WRONG
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