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Using the straight-line method, how much interest income would be recognized for the 20X5 calendar...

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Accounting

Using the straight-line method, how much interest income would be recognized for the 20X5 calendar year, for a $1,000, 5-year, 6% bond that was purchased for $960 on July 1, 20X4? Question 8 options: $52. $60. $68. $100. None of these

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