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Goggle Inc. sells 10%, 10-year bonds with a face value of $100,000 for $98,000. Using the effective interest amortization method, how much is the interest

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Goggle Inc. sells 10%, 10-year bonds with a face value of $100,000 for $98,000. Using the effective interest amortization method, how much is the interest expense to be recorded for the first year if the effective interest rate is 10.53%? $10, 530 $10,000 $10, 319 $9, 800

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