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Oriole Company received proceeds of $216200 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $230000, pay interest
Oriole Company received proceeds of $216200 on 10-year, 6% bonds issued on January 1, 2019. The bonds had a face value of $230000, pay interest annually on December 31, and have a call price of 101. Oriole uses the straight-line method of amortization. What is the amount of interest expense Oriole will show with relation to these bonds for the year ended December 31, 2020? $15180 O $12420 O $13800 O $12880
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