A corporations income statement shows bond interest expense of $16,500. Amortization of the discount on the bonds
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A corporation’s income statement shows bond interest expense of $16,500. Amortization of the discount on the bonds during the year was $1,500. What is the amount of cash outflow for bond interest expense?
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Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
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