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How much Interest Expense will ABC recognize

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Question - On January 1, ABC Inc. Issued four-year bonds with a face value of $100,000. The bonds have a stated interest rate of 5 percent. When the bonds were issued, the market interest rate was 4 percent. The bonds pay interest once per year on December 31, Over the entire life of the bond, how much Interest Expense will ABC recognize related to this bond?

Reference no: EM133056894

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