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On January 1, 2019. XYZ Company issued a four year. $300,000,7% bond. The interest is payable annually each December 31. The company uses the effective

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On January 1, 2019. XYZ Company issued a four year. $300,000,7% bond. The interest is payable annually each December 31. The company uses the effective interest amortization method. The market interest rate is 8. The 2020 interest expense is closest to O A $20,256 .B 521.000 O $24.000 OD 52.382

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