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On January 1, Year 1, Eureka Company issued $140,000 of 4 -yeae, 5% bonds at face value. The annual cash payment for interest is due

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On January 1, Year 1, Eureka Company issued $140,000 of 4 -yeae, 5% bonds at face value. The annual cash payment for interest is due on January 1 of each year beginning January 1, Year 2 . Based on this information, what is the total amount of liabilities related to these bonds that will be teported on the balance sheet ot December 31, Yoar 17 (Hint: Consider the interest that might be owed to bondholders at December 31 , Year 14 Murtiple Choice $139,300 $7,000 $140,000 $147,000

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