A company issues $15100000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14840898. Using effective-interest amortization, how much interest expense will be recognized in 2020?     $739900   $1479800   $1484197   $1484073

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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A company issues $15100000, 9.8%, 20-year bonds to yield 10% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14840898. Using effective-interest amortization, how much interest expense will be recognized in 2020?


 

 

$739900

 

$1479800

 

$1484197

 

$1484073
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