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Multiple Choice Question 75 On January 1, 2017, Bonita Industries sold 13% bonds with a face value of $2800000. The bonds mature in five years,

image text in transcribedMultiple Choice Question 75 On January 1, 2017, Bonita Industries sold 13% bonds with a face value of $2800000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $3011100 to yield 11%. Using the effective-interest method of amortization, interest expense for 2017 is $330320. $331171. $364000. $308000.

Multiple Choice Question 75 On January 1, 2017, Bonita Industries sold 13% bonds with a face value of $2800000. The bonds mature in five years, and interest is paid semiannually on June 30 and December 31. The bonds were sold for $3011100 to yield 11%. Using the effective-interest method of amortization, interest expense for 2017 is $330320. $331171. $364000. $308000

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