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A company issued 10-year, 6.00% bonds with a face value of $100,000. The company received $97,867 for the bonds. Using the straight-line method of amortization,
A company issued 10-year, 6.00% bonds with a face value of $100,000. The company received $97,867 for the bonds. Using the straight-line method of amortization, the amount of interest expense for the first interest period is: |
$6,000.00
$6,213.30
$5,786.70
$2,133.00
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