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On January 1 of the current year, the Queen Corporation issued 10% bonds with a face value of $52,000. The bonds are sold for $50,440.

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On January 1 of the current year, the Queen Corporation issued 10% bonds with a face value of $52,000. The bonds are sold for $50,440. The bonds pay Interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31. Select the correct answer. O $5,512 O $5,200 O $433 O $1,560 (Previous Next > S5 PM 109

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