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A Company Issued 10-Year,7% Bonds with a Face Value of $100,000.The

Question 213

Multiple Choice

A company issued 10-year,7% bonds with a face value of $100,000.The company received $97,947 for the bonds.Using the straight-line method of amortization,the amount of interest expense for the first annual interest period is:


A) $7,000.00
B) $7,205.30
C) $6,794.70
D) $2,053.00

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