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A company issued 5-year, 8% bonds with a par value of $106,000. The company received $103.947 for the bonds. Using the straight-line method the amount

A company issued 5-year, 8% bonds with a par value of $106,000. The company received $103.947 for the bonds. Using the straight-line method the amount of interest expense for the first semiannual interest period is Multiple Choice $424000 $403470 SR89060 5848000 Multiple Choice O $4,240.00 $4,034.70 $8,890.60 O $8.480.00 O $4,445.30

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