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Needs explanation thank you Schmid Corporation issues $450,000, 12%, 5-year bonds on January 1, 2019 for $439,000. Interest is paid semiannually on January 1 and

image text in transcribedNeeds explanation thank you

Schmid Corporation issues $450,000, 12%, 5-year bonds on January 1, 2019 for $439,000. Interest is paid semiannually on January 1 and July 1. If Schmid uses the straight line method of amortization of bond discount, the amount of bond interest expense on July 1, 2019 is: A. $28,100. B. $25,900. $55,100. D. $27,000

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