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How much interest expense was paid on December

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Question - Smart Corporation sells $600,000 of 12% bonds on June 1, 2015. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2020. The bonds yield 10%, selling for $638,780. On October 1, 2016, Huawei buys back $300,000 worth of bonds for $315,000 (includes accrued interest). How much interest expense was paid on December 31, 2015?

Reference no: EM132699658

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