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Hooke Company received proceeds of $377,000 on 10-year, 8% bonds issued on January 1, 2014. The bonds had a face I value of $400,000, pay
Hooke Company received proceeds of $377,000 on 10-year, 8% bonds issued on January 1, 2014. The bonds had a face I value of $400,000, pay interest annually on June 30 and December 31, and have a call price of 101. Hooke uses the straight- line method of amortization. What is the amount of interest expense Hooke will show with relation to these bonds for the year ended December 31, 2015? O $30,160 $32,000 $29,700 $34,300
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