Evanavarijo5940 Evanavarijo5940

27-05-2023
Business

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On January 1st 2022, Old Dominion issues a $1,000 par bond payable with an annual interest rate of 5% and a 5 year life. When the bond was issued the company received $1,000 cash. What interest expense will Old Dominion record in 2023 (the second year).

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