Describe the stated interest rate on bonds


Juneau Company issued 5-year $340,000 face value bonds at 95 on January 1, 2014. The stated interest rate on these bonds is 9%. If the effective interest rate is 10.30%, interest expense and the discount amortization in 2014 are?

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Accounting Basics: Describe the stated interest rate on bonds
Reference No:- TGS0696432

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