Business, 07.03.2020 02:46 eliz10

On January 1, 2020, Concord Corporation sold to Ivanhoe Company $910000 of its 9% bonds for $805619 to yield 11%. Interest is payable semiannually on January 1 and July 1. What amount should Concord report as interest expense for the six months ended June 30, 2020?

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On January 1, 2020, Concord Corporation sold to Ivanhoe Company $910000 of its 9% bonds for $805619...