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Business, 12.02.2021 07:10 AgentPangolin

On June 30, 2021, L. N. Bean issued $14 million of its 6% bonds for $13 million. The bonds were priced to yield 8%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2021

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On June 30, 2021, L. N. Bean issued $14 million of its 6% bonds for $13 million. The bonds were pric...

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