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A company issued 5-year, 7% bonds with a par value of $110.000. The company received $107,947 for the bonds. Using the straight-line method, the amount

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A company issued 5-year, 7% bonds with a par value of $110.000. The company received $107,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is Multiple Choice $4.055 30 $3,64470 58.110.60

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