A company issues $15200000, 9.8%, 20-year bonds to yield 10% on January 1, 2024. Interest is...
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A company issues $15200000, 9.8%, 20-year bonds to yield 10% on January 1, 2024. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14939181.89. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024? A company issues $15200000, 9.8%, 20-year bonds to yield 10% on January 1, 2024. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14939181.89. If the effective-interest method of amortization is used, what amount of interest expense will be recognized in 2024?
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