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At the beginning of 2020 , Bramble Corp. issued 8% bonds with a face value of $5200000. These bonds mature in five years, and interest
At the beginning of 2020 , Bramble Corp. issued 8% bonds with a face value of $5200000. These bonds mature in five years, and interest is paid semiannually on June 30 and December 31 . The bonds were sold for $4817280 to yield 10%. Bramble uses a calendaryear reporting period. Using the effective-interest method of amortization, what amount of interest expense should be reported for 2020 ? (Round your answer to the nearest dollar.) $496239$483371$482025$480693
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