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Amount for interest expense on bonds

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Reference no: EM132203544

On January 1, 2012, Beta Company issued 5-year bonds having a face value of $100,000. The bonds pay 7% interest annually and were sold for $94,706 to yield 8.34% interest. Beta's 2012 income statement should report what amount for interest expense on these bonds?

A.$6,630
B.$7,000
C.$7,898
D.$8,340

Reference no: EM132203544

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