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 interest period is:
A) 7,000.00
B) 7,205.30
C) 6,794.70
D) 2,053.00
Correct Answer:
Verified
Correct Answer:
Verified
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