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On january 2 2010 a calendar-year corporation sold 8 bonds

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On January 2, 2010, a calendar-year corporation sold 8% bonds with a face value of $600000. Mature in 5 years, paid semiannually on june 30 and dec 31. Bond were sold foe $553600 to yield 10% . Using effective interest method of the computing interest, how much should be charged to interest expense in 2010?

Reference no: EM13592163

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