On january 1 2010 huber co. sold 12 bonds with a face value, Ask an Expert

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On January 1, 2010, Huber Co. sold 12% bonds with a face value of $600,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $646,200 to yield 10%. Using the effective-interest method of amortization,what interest expense for 2010 is ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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