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Business, 20.09.2020 16:01 agm0102

On June 30, 2021, L. N. Bean issued $15 million of its 8% bonds for $14 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2021

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On June 30, 2021, L. N. Bean issued $15 million of its 8% bonds for $14 million. The bonds were pric...
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