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The Levi Company issued $200,000 of 12% bonds on January 1 of the current year...

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Accounting

The Levi Company issued $200,000 of 12% bonds on January 1 of the current year at face value. The bonds pay interest semiannually. The bonds mature in five years. The interest expense related to these bonds on the first interest payment is? a. $6,000 b. $9,000 c. $24,000 d. $12,000

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