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2. Ramano Company issued $1,000,000 of 10%, 10-year bonds at 96. Assuming straight-line amortization and annual interest payments, how much bond interest expense is

 


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2. Ramano Company issued $1,000,000 of 10%, 10-year bonds at 96. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? a. $100,000 b. $104,000 c. $96,000 d. $102,000 3. Ramano Company issued $1,000,000 of 10%, 10-year bonds at 102. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? a. $100,000 b. $102,000 c. $98,000 d. $104,000 of 97%

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