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ntoros P On January 1, 2020 ABC, Inc. issued bonds with a face value of $150,000 for ten years at 10% S 157,360 when the
ntoros P On January 1, 2020 ABC, Inc. issued bonds with a face value of $150,000 for ten years at 10% S 157,360 when the market interest rate was 8%. What amount of interest expense will you report on the Income and Expense Statement for the year 2020? 2 Multiple Choice S15,736 $ 12,000 S12,589 $ 15,000
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