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Schmid Corporation issues SS50 000, 12%, 5-year bonds on January 1, 2019 for $499,000. Interest is paid ser iarnualy on January 1 and July 1.

Schmid Corporation issues SS50 000, 12%, 5-year bonds on January 1, 2019 for $499,000. Interest is paid ser iarnualy on January 1 and July 1. Sdr id uses the straight- line method of amortization of bond discount, the amount of bond interest expense on July 1, 2019 is: O A. $38,100. B. S33,000. O c. $27,900 O D. $71,100

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