Weller Co. issued $600,000 of 30-year, 8 percent bonds at 106 on one of its...
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Accounting
Weller Co. issued $600,000 of 30-year, 8 percent bonds at 106 on one of its semiannual interest dates. The straight-line method of amortization is to be used. What is the total interest cost of the bonds?
$1,439,000
$1,404,000
$1,440,000
$1,476,000
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