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1 point Supper Accountants Inc plans to sell bond to finance its plant. The face value of the bond is $100,000 and it will be
1 point Supper Accountants Inc plans to sell bond to finance its plant. The face value of the bond is $100,000 and it will be due in 5 years. The bond is offered at 6% a interest rate, although the market rate is 7%. Supper Accountants is expected to receive $95,900 in cash when the sales is completed. How much interest expe should Supper Accountants record for the first year? 7,000 6,173 5,754 6,000 Previous
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