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5, Oliver Company issued $2,000,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded

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5, Oliver Company issued $2,000,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? a. $120,000 b. $60,000 c. $124,000 d. $128,000

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