Oliver company issued 800000 of 6 5-year bonds at 98


Oliver Company issued $800,000 of 6%, 5-year bonds at 98. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?

$48,000

$51,200

$24,000

$49,600

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Financial Accounting: Oliver company issued 800000 of 6 5-year bonds at 98
Reference No:- TGS01050839

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