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Business, 15.11.2019 05:31 thomascoop85
Acorporation issues $100,000, 8%, 5-year bonds on january 1, 2007, for $104,200. interest is paid annually on january 1. if the corporation uses the straight-line method of amortization of bond discount, the amount of bond interest expense to be recognized in december 31, 2007's adjusting entry is
a. $7,160.
b. $8,000.
c. $8,840.
d. $840.
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Acorporation issues $100,000, 8%, 5-year bonds on january 1, 2007, for $104,200. interest is paid an...
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