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What is the total amount of bond interest expense

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Alberta Industries Ltd. issued %10, 10 years bonds with a par value of $200,000 and semiannual interest payments. On the issue date, the annual market rate of interest for the bonds was %12, and the selling price was $177,059. The effective interest method is used to allocate the interest.

Problem a. what is the total amount of bond interest expense that will be recognized over the life of the bonds?

Problem b. what is the total bond interest expense recorded on the first interest payment date?

Reference no: EM132942269

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