On January 1, 2022, Prasmul sold 12% bonds with a face value of €600,000. The b...
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On January 1, 2022, Prasmul sold 12% bonds with a face value of €600,000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for €646,200 to yield 10%. Using the effective-interest method of amortization, interest expense for 2022 is
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