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24. If Roc Co. issued $100,000 of 5 percent, 10-year bonds at the face amount, what is the effect of the issuance of the bonds

24. If Roc Co. issued $100,000 of 5 percent, 10-year bonds at the face amount, what is the effect of the issuance of the bonds on the financial statements? What amount of interest expense will Roc Co. recognize each year?

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