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Business, 13.12.2019 02:31 Brock2002

On january 1, 2018, charlie co. received $308,000 for bonds with a face amount of $320,000. the stated rate of interest is 8% while the current market rate of interest is 10%. using the effective interest method, how much interest expense is recognized by charlie co. in (assume annual interest payments and amortization)?

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On january 1, 2018, charlie co. received $308,000 for bonds with a face amount of $320,000. the stat...
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