Business, 12.12.2019 00:31 chahdhamdy
On january 1, 2019, tonika company issued a seven-year, $10,000, 10% bond. the interest is payable annually each december 31. the issue price was $9,529 based on an 11% effective interest rate. tonika uses the effective-interest amortization method. the interest expense on the income statement for the year ended december 31, 2019 is closest to: a.$668.b.$763.c.$664.d.$700.
Answers: 3
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On january 1, 2019, tonika company issued a seven-year, $10,000, 10% bond. the interest is payable a...
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