Bond interest expense for hooker company
Problem:
Hooker Company sells $200,000 of ten-year, 8% bonds to yield 10% on January 1, 2005. The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578. The bond interest expense for 2005 is ....??
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The bonds were sold at a discount of $24,578. The bond carrying value at the end of 2006 is..??
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The bonds pay interest annually on December 31. The bonds were sold at a discount of $24,578. The bond interest expense for 2005 is ....??
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