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What the amount of bond interest expense

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Question - A corporation issues $400,000, 8%, 5-year bonds on January 1, 2012, for $416,800. Interest is paid annually on January 1. If the corporation uses the straight-line method of amortization of bond premium, what the amount of bond interest expense to be recognized in December 31, 2012's adjusting entry?

Reference no: EM133157682

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