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On October 1,2019,when the Market Rate Was 6%,LLC Corp

Question 129

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On October 1,2019,when the market rate was 6%,LLC Corp.issued $1,000,000,6%,10-year bonds.The bonds were dated July 1,2019 and were issued at par plus accrued interest.As a result of this transaction,what amount of bond interest expense should appear on the corporation's calendar 2019 income statement?

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$1,000,000...

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