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Business, 24.07.2019 23:30 nathangirnet

Douglas company issued 5-year bonds on january 1. the 12% bonds have a face value of $35,000,000 and pay interest every january 1 and july 1. the bonds sold for $37,702,483 based on the market interest rate of 10%. douglas company uses the effective interest rate method to amortize bond discounts and premiums. on july 1 of the same year, douglas company should record interest expense (rounded to the nearest dollar) of

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Douglas company issued 5-year bonds on january 1. the 12% bonds have a face value of $35,000,000 and...
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