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QUESTION 12 On January 1, 2023, Entity D issued $2,000,000 of 2%, 5-year bonds at 99 The bonds pay interest annually on December 31 and

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QUESTION 12 On January 1, 2023, Entity D issued $2,000,000 of 2%, 5-year bonds at 99 The bonds pay interest annually on December 31 and Entity amortizes any premium or discount using the straight-line method. What is the annual interest expense on the bonds? $44,000 O $36,000 O $40,000 $200,000

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