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Business, 25.04.2020 00:55 maiacheerz

On January 1, 2021, Vaughn Manufacturing sold $4950000 of its 8% bonds for $4382220 to yield 10%. Interest is payable semiannually on January 1 and July 1. What amount should Vaughn report as interest expense for the six months ended June 30, 2021?

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On January 1, 2021, Vaughn Manufacturing sold $4950000 of its 8% bonds for $4382220 to yield 10%. In...
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