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On January 3, 2020, Cullumber Company acquires $ 390000 of Adam Company's 10-year, 10% bonds at a price of $ 422090 to yield 9%. Interest

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On January 3, 2020, Cullumber Company acquires $ 390000 of Adam Company's 10-year, 10% bonds at a price of $ 422090 to yield 9%. Interest is payable each December 31. The bonds are classified as held-to-maturity, Assuming that Cullumber Company uses the effective interest method, what is the amount of interest revenue that would be recognized in 2021 related to these bonds? O $37988 $37897 $ 39000 O $42209

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