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Trendy Company issued $600,000 of 8%, 5-year bonds at 106. Assuming straight- line amortization and annual interest payments, how much bond interest expense is
Trendy Company issued $600,000 of 8%, 5-year bonds at 106. Assuming straight- line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? a) $7,200 b) $55,200 c) $40,800 d) $48,000
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