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On January 1, Year 1, assume Smart Touch Learning issued 10-year, $100,000 bonds at 95% with an interest rate of 6% paid semi-annually. U sing
On January 1, Year 1, assume Smart Touch Learning issued 10-year, $100,000 bonds at 95% with an interest rate of 6% paid semi-annually. Using the straight-line amortization method, what is the amount of interest expense recorded each interest period?
A. 3,000
B.3,250
C. 6,000
D. 6,500
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