Question: on dec 31 ABC corp issued 4 year, 7% bonds with $2,000,000 as par value. ABC corp received 2,240000 in cash. the bond interest is
on dec 31 ABC corp issued 4 year, 7% bonds with $2,000,000 as par value. ABC corp received 2,240000 in cash. the bond interest is pain semiannually on june 30!and december 31 every year
find the
Total bond premium
Interest paid in cash semiannually
Semiannually amortization amount of bond interest
And total bonds interest expense over 4 years
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