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Scribner Company Issued $800,000 of 8%, 5-Year Bonds at 106

Question 130

Multiple Choice

Scribner Company issued $800,000 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) $64,000
B) $73,600
C) $54,400
D) $9,600

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