In 2010 eugene company issue 200000 of bonds for 189640 if

Reference no: EM13598614

In 2010, Eugene Company issue $200,000 of bonds for $189,640. If the face rate of interest was 8% and the effective rate of interest was 6.73%, how would Eugene calculate the interest expense for the first year on the bonds using the effective interest method?

Reference no: EM13598614

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