Question: If 9 % bonds, dated July 1 , 2 0 2 3 , with a face value of $ 1 0 million, are being issued

If 9% bonds, dated July 1,2023, with a face value of $10 million, are being issued at par on September 30,2023,
the issuing company will report an interest expense of $450,000 for the year ended December 31,2023.
Select one:
True
False
If 9% bonds, dated July 1,2023, with a face value of

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