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the amount of interest expense for the first semiannual interest period is:

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A company issued 5-year, 7% bonds with a par value of $105,000. The company received $102,947 for the bonds. Using the straight-line method, the amount of interest expense for the first semiannual interest period is;$3,880.30.;$3,675.00. incorrect;$7,760.60.;$3,469.70.;$7,350.00.

 

Paper#24097 | Written in 18-Jul-2015

Price : $22
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