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Honeysuckle Company sells $350,000 of 6%, 5-year bonds for 90.1483 on April 1, 2016, The market rate of interest on that day is 8.5%. Interest
Honeysuckle Company sells $350,000 of 6%, 5-year bonds for 90.1483 on April 1, 2016, The market rate of interest on that day is 8.5%. Interest is paid each year on April 1. The issue price of the bond is $315,519. Honeysuckle Company uses the straight-line amortization method. The amount of interest expense for each year will be (Intermediary calculations are rounded to the nearest whole number.) O A. $36,646. OB. $27,896. OC.$21,000. O D. $69,973. O E. none of these
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