On december 31 2013 a company issues bonds with a par value, Ask an Expert

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On December 31, 2013, a company issues bonds with a par value of $600,000. The bonds mature in 10 years, and pay 6% annual interest, payable each June 30 and December 31. The bonds sold at $592,000. The company uses the straight-line method of amortizing bond discounts. The company's year-end is December 31. What is total bond interest expense over the 10 year life of the bond?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9616961

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