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A corporation issues $100,000, 5%, 5-year bonds on January 1, 2002 for $98,000. Interest is paid semi-annually on January 1 and July 1. If
A corporation issues $100,000, 5%, 5-year bonds on January 1, 2002 for $98,000. Interest is paid semi-annually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized on July 1, 2002 is
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Cost Accounting
Authors: William K. Carter
14th edition
759338094, 978-0759338098
