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Determine the amount of interest expense

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Question - Brookfield Inc. issued $600,000 of 9%, 10 - year bonds on June 30, 2015, for $562,500. This price provided a yield of 10% on the bonds. Interest is payable semi annually on December 31 and June 30. Determine the amount of interest expense to record if financial statements are issued on October 31, 2015.

Reference no: EM132473167

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