On january 1 2014 gore co sold to cey corp 800000 of its


On January 1, 2014, Gore Co. sold to Cey Corp. $800,000 of its 10% bonds for $708,236 to yield 12%. Interest is payable semiannually on January 1 and July 1. What amount should Gore report as interest expense for the six months ended June 30, 2014?

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Accounting Basics: On january 1 2014 gore co sold to cey corp 800000 of its
Reference No:- TGS0910014

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