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Business, 11.06.2021 23:20 bri9263

On June 30, 2024, L. N. Bean issued $30 million of its 8% bonds for $28 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2024

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On June 30, 2024, L. N. Bean issued $30 million of its 8% bonds for $28 million. The bonds were pric...
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