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Muheet Corporation issues $550,000, 10%, 5-year bonds on January 1, 2019 for $540,000. Interest is paid annually on January 1. If Muheet Corporation uses the
Muheet Corporation issues $550,000, 10%, 5-year bonds on January 1, 2019 for $540,000. Interest is paid annually on January 1. If Muheet Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be: Select one: a. $67,200. b. $55,000. c. $57,000. d. $53,000. --------------- I do not want a detailed answer. I just want the final answer as soon as possible. Solve quickly I get you thumbs up directly Thank's Abdul-Rahim Taysir
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