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What is the bond interest expense on the income statement

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On January 2, 2020, $182.581 in 10 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $203,353. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $50,821. On December 31, bond interest was paid; and dividends were declared and paid.

Problem 1: What is the Bond Interest Expense on the Income Statement on December 31, 2020?

Reference no: EM132808747

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