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Find income statement of macklin corporation would be

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Question 1: On October 1, 2019 Macklin Corporation issued 5%, 10-year bonds with a face value of €1,000,000 at 108 (a 4% yield). Interest is paid on October 1 and April 1, with any premiums or discounts amortized on an effective-interest basis. Bond interest expense reported on the December 31, 2019 income statement of Macklin Corporation would be .... (Rounded your answer to nearest €). You do not need to show any computation.

Reference no: EM132518622

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