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Business, 10.12.2019 00:31 lovedebrap11ih4

On january 1, 2015, abc company issued $10,000 of 8%, 12 year bonds for $9,632 cash. the bonds are dated january 1, 2015, and pay interest annually each december 31. the market rate of interest on the bonds is 8.5% on the issue date. the bond interest expense to be reported on the income statement for the year ended december 31, 2015will be somewhere between: a) 0 and $774b) $775-794c) $795-814d) $815-834e) $835 and $1,000the cash paid for interest on december 31, 2015would be: a) $768b) $800c) $816d) $850

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On january 1, 2015, abc company issued $10,000 of 8%, 12 year bonds for $9,632 cash. the bonds are d...
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