On january 1 2014 spacepower inc purchased 70000 face value, Ask an Expert

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On January? 1, 2014?, Spacepower ?Inc., purchased $70,000 face value of the 2?% bonds of Service Express, Inc.?, at 108. The bonds mature on January? 1, 2019. For the year ended December? 31, 2017?, Spacepower received cash interest of $1,400. What was the interest revenue that Spacepower earned in this? period?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91959447

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