INTERMEDIATE ACCOUNTING (ACCT 4950)
INTERMEDIATE ACCOUNTING (ACCT 4950)
10th Edition
ISBN: 9781307662122
Author: SPICELAND
Publisher: MCG/CREATE
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On January 1, Silverstone Co. issues bonds with a face value of $400,000 and an interest rate of 8%, payable semi-annually. What is the amount of interest expense on July 1?
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