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A corporation issues $82,000, 8%, 5-year bonds on January 1, for $85,690. Interest is paid semiannually on January 1 and July 1. If the corporation

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A corporation issues $82,000, 8%, 5-year bonds on January 1, for $85,690. Interest is paid semiannually on January 1 and July 1. If the corporation uses the straight-line method of amortization of bond premium, determine the amount of bond interest expense to be recognized on July 1. Select the correct answer. $6,560 $3,649 $3,280 $2,911

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