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Question - Rubin's corporation issued $10 million, of 5% coupon bonds on January 1st 2020 due to 31 December 2025. The market rate at issuance was 6% annual, and the bond pays interest on June 30th and December 31st of each year.
At the end of 2020, the carrying value of the bonds is $9,683,028; at the end of June 2021 the end carrying value will be 9,723,518. The company uses the effective market rate method to amortize the discount/premium on bond. Determine the interest expense accrued as of June 30 2021?
Which of the following government transfer payments is included in the recipient's gross income? Which of the following expenditures is not a medical expense for federal tax purposes?
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duradisc corporation produces two types of compact discs standard and high-grade. the standard cds are used primarily
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What is his ending basis for the partnership? On May 15, Issac contributed $5,500 for a 10% interest in the general partnership, Mac's Tools.
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