ALIA Corporation issues $450,000, 12%, 5-year bonds on January 1, 2019 for $439,000. Interest is paid semiannually on January 1 and July 1. If ALIA uses the straight-line method of amortization of bond discount, the amount of bond interest expense on July 1, 2019 is:

Receipts of cash dividends and interest earned on loans are classified as investing activities. Select one: a. FALSE b. TRUE

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