Business, 16.04.2020 19:16 missheather0309

Flint Co. sold $2,060,000 of 12%, 10-year bonds at 104 on January 1, 2020. The bonds were dated January 1, 2020, and pay interest on July 1 and January 1. If Flint uses the straight-line method to amortize bond premium or discount, determine the amount of interest expense to be reported on July 1, 2020, and December 31, 2020

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Flint Co. sold $2,060,000 of 12%, 10-year bonds at 104 on January 1, 2020. The bonds were dated Janu...

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