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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oliver company issued 800000 of 6 5-year bonds at 98 assuming straight-line amortization and annual interest payments
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