Cubs Corporation issues $520,000, 9%, 5-year bonds on January 1, 2023 for $509,000. Interest is...
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Cubs Corporation issues $520,000, 9%, 5-year bonds on January 1, 2023 for $509,000. Interest is paid annually on January 1. If Cubs Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2023 would be: OA. $46,800. OB. $11,000. OC. $49,000. O D. $44,600. I 
bond discount, the amount of interest expense recoeded at December 31,2023 would be A. $46,800. B. $11,000 C. $49,000 D. $44,600
Cubs Corporation issues $520,000, 9%, 5-year bonds on January 1, 2023 for $509,000. Interest is paid annually on January 1. If Cubs Corporation uses the straight-line method of amortization of bond discount, the amount of interest expense recorded at December 31, 2023 would be: OA. $46,800. OB. $11,000. OC. $49,000. O D. $44,600. I
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