On 1 jan 2014 the horton corporation issued 10 bonds with a, Ask an Expert

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On 1 Jan 2014, the Horton Corporation issued 10% bonds with a face value of $200,000. The bonds sold for $192,000. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, 2018. Horton records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31, 2014 is?

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Financial Accounting, Accounting

Category:- Financial Accounting
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