Solution-What was the straight line interest expense on the

What was the straight line interest expense on the december

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1. On January 1, a company issued 3%, 20-year bonds with a face amount of $80 million for $69,033,776 to yield 4%. Interest is paid semiannually. What was the straight-line interest expense on the December 31 annual income statement?

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What was the straight line interest expense on the december

Reference no: EM131006275

Reference no: EM131006275

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