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Multiple Choice Question 178 Crane Company received proceeds of $814000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value

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Multiple Choice Question 178 Crane Company received proceeds of $814000 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $864000, pay interest annually on December 31, and have a call price of 103. Crane uses the straight-line method of amortization. What is the amount of interest Crane must pay the bondholders in 2019? $48840 $56840 O $46840 $51840 Click If you would like to Show Work for this question: Open Show Work

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