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BER Question 2 On January 2, 2015, a calendar year corporation sold bonds with a face value of $600,000. These bonds mature in five years,

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BER Question 2 On January 2, 2015, a calendar year corporation sold bonds with a face value of $600,000. These bonds mature in five years, and werest is podemusly on June and December 31. The bonds were sold for $553,600 to yield 10%. Using the effective interest method of computing interest, how much should be charged to rest expense in 2015? $55,360 $55,544 $60,000 $48.000

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