On january 1 2012 jason company issued 5 million of 10-year

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On January 1, 2012, Jason Company issued $5 million of 10-year bonds at a  10% stated interest rate to be paid annually. The following present value factors have been provided:

Using the effective interest method, how much bond interest should Jason report on its Income Statement in 2012?

Reference no: EM13576793

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