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What is the interest expense amount

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Question - In the Fox Co. entry to accrue semi-annual interest, using straight-line amortization, on $400,000, 10%, 6-year bonds issued at 106 when market rate was 8%, what is the interest expense amount?

a. $16,960

b. $16,000

c. $22,000

d. $18,000

Reference no: EM132709792

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