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Business, 06.04.2021 01:00 Giabear23

InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year, InterTech issued $2,175,000 of 8-year bonds with a 6% coupon rate (payments due on December 31st and June 30th). The effective interest rate was 8%. What amount in interest expense did InterTech record this year for the December 31 payment

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InterTech Corporation needed financing to build a new manufacturing plant. On June 30 of this year,...

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