A company issues 5% semiannual coupon, 3-year, $1,000 par value bonds on January 1, 20X0, when the
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A company issues 5% semiannual coupon, 3-year, $1,000 par value bonds on January 1, 20X0, when the market interest rate is 13.3%. The sale proceeds are $800. Under the effective interest rate method,
What amount of interest expense per $1,000 par value will the company record for the year ending December 31, 20X1?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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