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A Company Issued 18-Year,6% Bonds with a Par Value of $750,000.The

Question 158

Multiple Choice

A company issued 18-year,6% bonds with a par value of $750,000.The company received $761,736 cash for the bonds.Using the straight-line method,the amount of interest expense for the first semiannual interest period is:


A) $22,174
B) $22,826
C) $22,500
D) $23,152
E) $21,848

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