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How much interest would be included in net income

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Question - A corporation, with a December 31 year-end, purchased a $50,000, three-year, 8% bond on April 30, 2019 compounding annually and repayable at the end of three years. How much interest would be included in net income for the 2020 taxation year?

a. $4,105

b. $4,320

c. $4,213

d. $1,333

Reference no: EM133052736

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