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11. Long Term Liabilities
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Problem 13
11. Long Term Liabilities
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11. Long Term Liabilities / Effective Interest Amortization of Bond Premium or Discount / Problem 11
Problem 11
Calculate the interest expense for a bond with a carrying value of \$120,000 and a market interest rate of 7% for an annual period.
A
\$7,200
B
\$8,400
C
\$8,500
D
\$8,000
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