What is the amount of interest ivanhoe home supply will pay, Managerial Accounting

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What is the amount of interest ivanhoe home supply will pay

Problem

Ivanhoe Home Supply Company Received proceeds of 627000 on 10 year, 7% bonds issued on January 1, 2025. The bond had a face value of 666000, pay interest annually on December 31, and have a call price of 102. Ivanhoe Supply uses the straight-line method of amortization. What is the amount of interest Ivanhoe Home Supply will pay bondholders in 2025?

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Managerial Accounting: What is the amount of interest ivanhoe home supply will pay

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Managerial Accounting: What is the amount of interest ivanhoe home supply will pay

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