Business, 19.12.2019 05:31 JellalFernandes

On january 1, 2019, chin corporation issued $ 3 comma 200 comma 000, 14%, 5 minus year bonds. the bond interest is payable on january 1 and july 1. the bonds sold for $ 3 comma 419 comma 600. the market rate of interest for these bonds was 12%. under the effective minus interest method, what is the interest expense for the six months ending july 1, 2019?

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On january 1, 2019, chin corporation issued $ 3 comma 200 comma 000, 14%, 5 minus year bonds. the bo...

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