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On January 1, 2021, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $73,000 for $65,846, priced to yield 6%. Interest is paid
On January 1, 2021, Lyle's Limeade issues 5%, 15-year bonds with a face amount of $73,000 for $65,846, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded in the December 31, 2021, annual income statement
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