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What is the correct amount of bond interest expense

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Question - Jorge Corp. issued $600,000 of 6%, 10 - year bonds on January 2, 2022 for $590,000. In addition, the company incurred 3550.000 in bond issue costs. Interest is paid annually on December 31. What is the correct amount of bond interest expense to be recorded on December 31, 2022 using GAAP?

Reference no: EM133121564

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