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A corporation issues $100,000, 10%, 5-year bonds on January 1, 2008, for $95,800. Interest is paid annually on January 1. If the corporation uses the
A corporation issues $100,000, 10%, 5-year bonds on January 1, 2008, for $95,800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in December 31, 2008's adjusting entry is Select one: a. $10,000. b. $9,160. c. $10,840. O d. $840
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