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Vaughn Company received proceeds of $218080 on 10-year, 6 % bonds issued on January 1, 2021. The bonds had a face value of $232000,
Vaughn Company received proceeds of $218080 on 10-year, 6 % bonds issued on January 1, 2021. The bonds had a face value of $232000, pay interest annually on January 1, and have a call price of 104. Vaughn uses the straight-line method of amortization. What is the amount of interest Vaughn must pay the bondholders on January 1, 2022? $13920 $12528 $13005 $15120
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
