Business, 13.08.2019 01:20 bthakkar25

Cramer company sold five-year, 8% bonds on october 1, 2018. the face amount of the bonds was $100,000, while the issue price was $102,000. interest is payable on april 1 of each year. the fiscal year of cramer company ends on december 31. how much interest expense will cramer company report in its december 31, 2018, income statement (assume straight-line amortization)?

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Cramer company sold five-year, 8% bonds on october 1, 2018. the face amount of the bonds was $100,00...

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