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What the amount of bond interest expense to be recognized

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Question - Franklin Corporation issues $93,000, 10%, 5-year bonds on January 1 for $97,200. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, what the amount of bond interest expense to be recognized on July 1?

a. $7,440

b. $3,720

c. $4,230

d. $4,140

Reference no: EM133096016

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