jens6561 jens6561

01-07-2021
Business

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Hocker Company issues $200,000 of ten-year, 8% bonds to yield 10% on January 1, 20X1. The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578. The bond interest expense for 20X1 is:

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tboy30171 tboy30171

01-07-2021

Answer:

$16,000.

$17,542.

$20,000.

Explanation:

It just is

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