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A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recognized in 2014?
Please provide formula:
$390,000
$780,000
$784,249
$784,166
The fair market value of the El Toro stock was $100 per share on June 30, 2010. Illustrate what are the tax consequences of the stock dividend to Raoul?
An extensive consultation paper has been provided to you related to the Conceptual Framework from the International Public Sector Accounting Standards Board.
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