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A corporation issues $83,000, 8% , 5-year bonds on January 1, for $86,740. Interest is paid semiannually on January 1 and July 1. If the

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A corporation issues $83,000, 8% , 5-year bonds on January 1, for $86,740. 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 O$3.694 O$2.946 O$3.320 $6.640

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