B & S Corporation sells $100,000, 10%, 10-year bonds for 97 on January 1. Compute...
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B & S Corporation sells $100,000, 10%, 10-year bonds for 97 on January 1. Compute the semiannual interest expense recorded on July 1 using the interest method. The market rate is 12%. Group of answer choices $11,640 $10,000 None of the choices are correct. $20,000 $5,820
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