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Business, 06.07.2021 17:00 tangia

a.$184,000b.$216,000c.$432,000d.$36 8,000On July 1, 2020 Garcia Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 96. Interest is paid on Jan 1 and July 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2020 income statement of Garcia Corporation would be

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a.$184,000b.$216,000c.$432,000d.$36 8,000On July 1, 2020 Garcia Corporation issued 5%, 10-year bonds...

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