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On January 1, Year 1, Super Corp. issued a $50,000, five-year, 4% bond for $51,129. The bond pays interest annually. Super's fiscal year end is

On January 1, Year 1, Super Corp. issued a $50,000, five-year, 4% bond for $51,129. The bond pays interest annually. Super's fiscal year end is December 31. Super reports under ASPE and uses amortized cost with the straight-line method to record interest expense. How much interest expense will Super record for the year ended December 31, Year 1? A. $1,774 B. $2,000 C. $226 D. $2,226

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