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QUESTION4 On January 1, 2018, Charlie Co. received $308,000 for bonds with a face amount of $380,000. The stated rate of interest is 8% while

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QUESTION4 On January 1, 2018, Charlie Co. received $308,000 for bonds with a face amount of $380,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest expense is recognized by Charlie Co. in 2018 (assume annual interest payments and amortization)? O $30,400. $30,800. O $38,000 $24,640

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