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What the amount of interest expense recorded at december

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Problem 1: Tiger Corporation issues $550,000, 10%, 5-year bonds on January 1, 2019 for $489,000. Interest is paid annually on January 1. If Tiger Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2019 would be:

Reference no: EM132791426

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