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Find effective interest method of amortization interest

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Reference no: EM132739060

Problem 1: On January 1, 2020 ABC Company sold 12$ bonds with a face value of 300,000 the bonds mature in 5-years, and interest is paid semiannually on june 30 and December 31. The bands were sold for $ 323.164 yield 10% Using the effective interest method of amortization interest expense for 2020 is

Reference no: EM132739060

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