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

Question 129

Multiple Choice

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


A) $3,294.70
B) $3,500.00
C) $3,705.30
D) $7,000.00
E) $7,410.60

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