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52 . On January 1 , 2004 , Nott Co . sold $2 000 000 of its 10% bonds for $1 770 , 592 to

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52 . On January 1 , 2004 , Nott Co . sold $2 000 000 of its 10% bonds for $1 770 , 592 to yield 12 % Interest is payable semiannually on January 1 and July 1 . What amount should Nott report export as interest expense for the six months ended June 30 2004 ? 2 . $88 532 b . $100 000 C. $106 236 d . $120.000

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