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What is interest expense using straight line amortization

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Problem 1: A company issues Php 5,000,000, 8%, 20 year bonds to yield 9% on January 1, 2019. Interest is paid on June 30 and December 31. The proceeds from the bonds are Php 5, 150, 000. What is interest expense for 2020 using straight line amortization?

Reference no: EM132636769

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