The bonds mature on january 1 2021 for the year ended


On January 1, 2016, Microlevel, Inc., purchased $70,000 face value of the 2% bonds of Service Express, Inc., at 104.

The bonds mature on January 1, 2021. For the year ended December 31, 2017, Microlevel received cash interest of $1, 400.

What was the interest revenue that Microlevel earned in this period?

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Financial Management: The bonds mature on january 1 2021 for the year ended
Reference No:- TGS02753583

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