How effective interest method of the computing interest, Accounting Basics

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How effective interest method of the computing interest

On January 2, 2010, a calendar-year corporation sold 8% bonds with a face value of $600000. Mature in 5 years, paid semiannually on june 30 and dec 31. Bond were sold foe $553600 to yield 10% . Using effective interest method of the computing interest, how much should be charged to interest expense in 2010?

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Accounting Basics: How effective interest method of the computing interest

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Q : How effective interest method of the computing interest

On January 2, 2010, a calendar-year corporation sold 8% bonds with a face value of $600000. Mature in 5 years, paid semiannually on june 30 and dec 31. Bond were sold foe $553600 to yield 10% .

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Accounting Basics: How effective interest method of the computing interest

Reference No:- TGS0699662

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the area of each triangle in a square pyramid

Q : Is the law of conservation of mass obeyed

Q : What is the relation between ending inventory

Q : Estimate volumetric size of oil molecule in angstroms

Q : How effective interest method of the computing interest

Q : Remainder is uncollectible

Q : Describe the carrying value of the bonds

Q : Payment plus bpo interest

Q : Calculate the aamodts entries to record

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How effective interest method of the computing interest

Reference No:- TGS0699662

Recent Questions Asked Accounting Basics

Q : What is the area of each triangle in a square pyramid

Q : Is the law of conservation of mass obeyed

Q : What is the relation between ending inventory

Q : Estimate volumetric size of oil molecule in angstroms

Q : How effective interest method of the computing interest

Q : Remainder is uncollectible

Q : Describe the carrying value of the bonds

Q : Payment plus bpo interest

Q : Calculate the aamodts entries to record

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