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Business, 01.03.2021 22:20 izayahclark5123

On January 1, 2020, Crane Company sold to Blossom Company $740000 of its 8% bonds for $655119 to yield 11%. Interest is payable semiannually on January 1 and July 1. What amount should Crane report as interest expense for the six months ended June 30, 2020? a) $36032 b) $26205 c) $40700 d) $29600

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On January 1, 2020, Crane Company sold to Blossom Company $740000 of its 8% bonds for $655119 to yie...
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