Question
Winrow Company received that proceeds of $565,500 on a 10 year 8% bond issued on January 1st, 2013. The bond has a face value of
Winrow Company received that proceeds of $565,500 on a 10 year 8% bond issued on January 1st, 2013. The bond has a face value of $600,000, pay interest annually on December 31st, and have a call price of 101. Winrow uses the straight line method of amortization. What is the amoint of interest Winrow must pay on the bondholders in 2013?
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Costing
Authors: Lucey
7th Edition
1844809439, 978-1844809431
