A company issues $16200000, 5.8 %, 20-year bonds to yield 6% on January 1, 2020. Interest...
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A company issues $16200000, 5.8 %, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $15825541. Using effective-interest amortization, how much interest expense will be recognized in 2020? $469800 $939600 $949557 $949681 A company issues $16200000, 5.8 %, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $15825541. Using effective-interest amortization, how much interest expense will be recognized in 2020? $469800 $939600 $949557 $949681
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Answer rating: 100% (QA)
Date Jan 1 Date July 1 Date Dec 31 Interest expense will be recognized in 2020 ... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-0538480284
11th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Posted Date:
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