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A corporation issues $500,000, 8%, 5-year bonds on January 1, 2017, for $479,000. Interest is paid annually on January 1. If the corporation uses
A corporation issues $500,000, 8%, 5-year bonds on January 1, 2017, for $479,000. 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, 2017's adjusting entry is O $44,200. $40,000. $35,800. O $4,200.
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Horngrens Accounting
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
10th edition
133117413, 978-0133129519, 133129519, 978-0133129557, 133129551, 978-0133117561, 133117561, 978-0133117417
