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On December 31, 2013, a corporation issued $400,000 face value, 8 percent bonds that mature...

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Accounting

On December 31, 2013, a corporation issued $400,000 face value, 8 percent bonds that mature 8 years from the date of issue. The issue price was 98. If the firm uses the straight-line method of amortization, interest expense for 2014 will be reported at

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