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question in accounting please answer as soon as possible 1 - On December 31, 2016, a corporation issued $200,000 face value. 12 percent bonds that

question in accounting
please answer as soon as possible
image text in transcribed
1 - On December 31, 2016, a corporation issued $200,000 face value. 12 percent bonds that mature 10 years from the date of issue. The issue price was 97. If the firm uses the straight-line method of amortization, interest expense for 2017 will be reported at a) $23,400. b) $24.000. C) $24,600. $19,400 Leave blank Close

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