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On October 1, 2017 Marigold Corp. issued 5%, 10-year bonds with a face value of...

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Accounting

On October 1, 2017 Marigold Corp. issued 5%, 10-year bonds with a face value of $7920000 at 103. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2017 income statement of Marigold Corp. would be

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