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What is amount of interest expense shown on income statement

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Question: Your Company issued a $13,000 face value bond on January 1, 2020. The bond was issued at par and carried a 4-year term to maturity. It had a 3% stated rate of interest that was payable in cash on December 31st of each year. What is the amount of interest expense shown on the income statement and the statement of cash flows on the December 31, 2020?

Reference no: EM132743770

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