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CoursHeroTranscribedText: A corporation with a December 31 yearend purchases a $50,000, threeyear, 8% bond on April 30, 20X1with annually compounding and repayable at the end

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CoursHeroTranscribedText: A corporation with a December 31 yearend purchases a $50,000, threeyear, 8% bond on April 30, 20X1with annually compounding and repayable at the end of three years. How much interest would be included in net income for the 20x2 taxation year? 0 $4,000

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