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What amount should Vaughn report as interest expense

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Question - On January 1, 2021, Vaughn Manufacturing sold $4950000 of its 8% bonds for $ 4382220 to yield 10%. Interest is payable semiannually on January 1 and July 1. What amount should Vaughn report as interest expense for the six months ended June 30, 2021?

a. $198000

b. $247500

c. $175295

d. $219111

Reference no: EM133058256

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