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Business, 18.12.2019 05:31 0prayforthelost0

On january 2, 2017, a calendar-year corporation sold 5% bonds with a face value of $25. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $2292000 to yield 7%. using the effective-interest method of computing interest, how much should be charged to interest expense in 2017?

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On january 2, 2017, a calendar-year corporation sold 5% bonds with a face value of $25. these bonds...
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