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Business, 20.09.2020 17:01 vrybascos

On January 1, 2018, Dabo Inc. sold 8% bonds with a face value of $3 million. These bonds mature in 5 years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $2,768,000 to yield 10%. Using the effective-interest method of computing interest, how much should be charged to interest expense in 2018

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On January 1, 2018, Dabo Inc. sold 8% bonds with a face value of $3 million. These bonds mature in 5...
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