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Travis Corporation issues $100,000 of 6% bonds at 104 on January 1, 2020. The bonds have a maturity date of December 31, 2024. Travis amortizes
Travis Corporation issues $100,000 of 6% bonds at 104 on January 1, 2020. The bonds have a maturity date of December 31, 2024. Travis amortizes its bond premiums or discounts using the straight-line method. Total interest expense presented on the income statement during 2020 is
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