On April 1, 2019, Momo Corporation bought 9% bonds that has a face value of...
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Accounting
On April 1, 2019, Momo Corporation bought 9% bonds that has a face value of $4,000,000 for $3,756,000 to yield 10%. The bonds are dated January 1, 2020 and will mature on December 31, 2028 which also pays interest annually on December 31. The bonds are measured at amortized cost. How much must be the interest income for 2019?
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