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Nick Spanos Antiques issued its 6%, 20-year bonds payable at a price of $237,240 (face value is $300,000). The company uses the straight-line amortization method
Nick Spanos Antiques issued its 6%, 20-year bonds payable at a price of $237,240 (face value is $300,000). The company uses the straight-line amortization method for the bond discount or premium. Interest expense for each year is (Round your answer to the nearest whole dollar.) O A. $21,138 OB. $14,234 O C. $14,862 OD. $18,000
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